According to an announcement by the Current AI organization, on Sunday, 11 leaders from the technology sector voiced their support for a partnership aimed at delivering artificial intelligence (AI) tools, data, and infrastructure for the "public good." In the statement, Arthur Mensch, CEO of Mistral AI, along with LinkedIn President Reid Hoffman and other prominent industry figures, expressed their full backing for Current AI's mission.

Current AI disclosed that its $400 million in funding will come from generous contributions by governments of countries including France, Germany, Finland, Chile, Nigeria, as well as several companies and charitable organizations. This financial boost is expected to significantly drive the organization's efforts to apply AI technology for public benefit.

This announcement comes just ahead of the Global Artificial Intelligence Summit, which is set to open in Paris on Monday, bringing together top minds from governments and the tech industry worldwide to discuss the future of AI technology and the challenges it faces. By releasing this news at such a critical moment, Current AI has undoubtedly added significant momentum to the summit.

With ambitious goals, Current AI aims to raise up to $2.5 billion, dedicated to providing broader data access for global AI developers, offering user-friendly open-source tools and infrastructure, and developing a system to measure the social and environmental impacts of AI. This initiative is not only expected to greatly accelerate innovation in AI technology but also ensure that its benefits align with societal and environmental sustainability as it serves humanity.