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April 2018

Mohammad Anas Wahaj | 30 apr 2018

Artificial Intelligence is one of the fields that's getting most attention from technology companies. AI researchers specialize in neural networks, complex algorithms that learn tasks by analyzing vast amounts of data. They are used in everything from digital assistants in smartphones to self-driving cars. Those with AI skills are in high demand. But, the salary data related to AI hires hasn't been in public domain. Now OpenAI, a nonprofit AI research organization, had made the salaries of their AI researchers public as their nonprofit setup requires them to do so. Top OpenAI researchers were paid as follows - Ilya Sutskever (more than US$ 1.9 million in 2016); Ian Goodfellow (more than US$ 800000 after getting hired in March 2016); Prof. Pieter Abbeel of University of California at Berkeley (US$ 425000 after joining in June 2016). OpenAI was founded by Elon Musk (CEO of Tesla) and other well-known names in technology. Element AI, an independent lab in Canada, estimates that 22000 people worldwide have the skills needed to do serious AI research - about double from a year ago. Chris Nicholson, Founder & CEO of AI startup Skymind, says, 'There is a mountain of demand and a trickle of supply.' There is scarcity of AI talent. Governments and universities are also seeking AI researchers, even though they may not match the salaries paid by private enterprises. OpenAI too cannot compensate equivalent to private tech companies as stock options are major attraction there. But OpenAI shares its research with the world, considered a positive approach in responsibile tech development. Mr. Sutskever says, 'I turned down offers for multiple times the dollar amount I accepted at OpenAI. Others did the same.' He expects salaries at OpenAI to increase as the organization pursued its 'mission of ensuring powerful AI benefits all of humanity.' AI specialists with little or no industry experience can make between US$ 300000 and US$ 500000 a year in salary and stock. Wojciech Zaremba, a researcher who joined OpenAI after internships at Google and Facebook, says, 'The amount of money was borderline crazy.' He says that tech companies offered 2 or 3 times what he believed his real market value was. At a London AI lab now owned by Google, costs for 400 employees totaled US$ 138 million in 2016. Top researchers are paid higher. Mr. Nicholson says, 'When you hire a star, you are not just hiring a star. You are hiring everyone they attract. And you are paying for all the publicity they will attract.' Other top researchers at OpenAI included Greg Brockman and Andrej Karpathy. In a growing and competitive tech field like AI it becomes challenging for organizations to retain talent. Read on...

The New York Times: A.I. Researchers Are Making More Than $1 Million, Even at a Nonprofit
Author: Cade Metz

Mohammad Anas Wahaj | 30 apr 2018

Considering the large number of competing nonprofits in a big town with their limited budgets, it's always challenging for them to reach out and attract donors and manage fundraising effectively. There are more than 2300 nonprofits operating in Philadelphia (USA). According to a research report 'The Financial Health of Philadelphia Area Nonprofits', funded by The Philadelphia Foundation, more than 40% of the nonprofits in the area are working at a loss, operate on margins of zero or less and fewer can be considered financially strong. With more than half the nonprofits operating on slim-to-none budget with limited support staff, fundraising is a challnging task. But Drexel University professor, Neville Vakharia, created an online tool, ImpactView Philadelphia, that uses publicly available data on nonprofit organizations from the Internal Revenue Service (IRS) in combination with the most recent American Community Survey data released by the U.S. Census Bureau to present an easy-to-access snapshot of Philadelphia's nonprofit ecosystem. The tool intends to help nonprofits streamline their fundraising process. It makes information about nonprofit organizations, and the communities they're striving to help, more accessible to likeminded charities and the philanthropic organizations that seek to fund them. Prof. Neville says, 'Through the location intelligence visualizer, users can immediately find areas of need and potential collaborators. The data are automatically visualized and mapped on-screen, identifying, for example, pockets of high poverty with large populations of children as well as the nonprofit service providers in these areas. Making this data accessible for nonprofits will cut down on time spent seeking information and improve the ability to make data-informed decisions, while also helping with case making and grant applications.' Since the tool is open-source it can be easily replicated in other cities. Read on...

DrexelNOW: A Tool to Help Nonprofits Find Each Other, Pursue Funding and Collaborate
Author: Emily Storz

Mohammad Anas Wahaj | 24 apr 2018

To apply the basic idea of 'Small Is Beautiful' as propagated by E. F. Schumacher to the social enterprises and create their collaborative network, have the potential to successfully tackle social causes at a large scale and maximize impact. Anne-Marie Slaughter, President & CEO of New America, explains the working dynamics of social enterprises, the challenges of scale, issues of efficiencies when contrasted with private enterprises and how in a democratic setup a network of independent social enterprises can develop a collaborative system for larger impact. She says, 'In the private sector, companies reap economies of scale...In the social and political marketplace, however - at least in democracies - too much efficiency is dangerous. Tyrants are efficient, which is precisely why America's founding fathers built a system of checks and balances designed to favour resilience over efficiency...Outside government, a rich civil society is the bedrock of a well-functioning democracy. Alexis de Tocqueville made this point about the strength of American democracy in the 1830s.' Ms. Slaughter opines, 'Civic engagement requires the energy and innovation of multiple entrepreneurs. Social entrepreneurship is just one subset of a much larger civil society. But a thriving ecosystem of social enterprise cannot borrow wholesale from the capitalist playbook.' Rebecca Onie, co-founder & CEO of Health Leads, developed a model of healthcare that saves money and improves outcomes by attending to social as well as medical needs and achieved scale by convincing the US government to start experimenting with her approach. Ms. Slaughter suggests, 'Another path to scale in the social sector - one that preserves diversity and reduces competition for scarce resources - is through carefully designed networks of small or medium-sized enterprises that are focused on solving the same basic problem and are demonstrably having an impact in a particular community or region. This approach has worked well in global health through consortiums...The network form allows for small size and large scale simultaneously, preserving individuality and innovation while applying common metrics in the pursuit of a single large goal. Individual actors can form groups, connected to a central co-ordinator and cross-fertiliser.' Read on...

The Financial Times: Thinking big for social enterprise can mean staying small
Author: Anne-Marie Slaughter

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