News (1574)
Crypto Billionaire's Nonprofit Invests Big in AI Chips
A nonprofit organization funded by cryptocurrency billionaire Jed McCaleb has made a big investment in AI technology. The organization, called Voltage Park, purchased 24,000 Nvidia H100 chips worth $500 million. These chips are used to power artificial intelligence projects. Voltage Park plans to offer low-cost AI computing to help with the shortage of AI chips. Eric Park, CEO of Voltage Park, believes that the current ecosystem for machine learning is broken. The chips will be set up in Texas, Virginia, and Washington and are expected to be fully deployed by February. This investment comes after the release of OpenAI's ChatGPT last year, which caused a surge in demand for Nvidia's advanced AI silicon. Intel, Advanced Micro Devices, and a host of startups also sell AI chips that are in high demand. This investment is a big step forward for AI technology.
Read more...2024 Raise Conference Returns to Nashville - Get Ready for the Exciting Speakers!
The 2024 Raise Conference is returning to Nashville, Tennessee and they are now accepting applications for speakers. This conference is an opportunity for people to come together and discuss the latest trends in business, technology, entertainment, and financial services. It is a great way to stay informed and network with other professionals in the industry. According to the Raise Conference website, the event is open to anyone who is interested in learning more about the topics and engaging in meaningful conversations.
Read more...3 Foundations Leading the Way in Nonprofit IT Funding
The Technology Association of Grantmakers (TAG) recently released guidelines for funding nonprofit IT. Chantal Forster, the outgoing TAG Executive Director, identified three foundations as being on the “front lines” of supporting grantees’ IT needs: the William and Flora Hewlett Foundation, the Patrick J. McGovern Foundation, and the Ewing Marion Kauffman Foundation. These foundations are doing important work in the field of nonprofit IT, such as providing grants for IT-related projects, offering technical assistance, and helping to build capacity.
Read more...$45 Million for Nonprofits: Biden-Harris Administration Announces Energy Efficiency Building Upgrades
The Biden-Harris Administration has announced a $45 million investment to help nonprofits upgrade their buildings to become more energy efficient. This investment is part of the Department of Energy's efforts to reduce energy costs and increase the sustainability of the nation's buildings. The investment will help nonprofits save money on energy costs and reduce their environmental impact. The Department of Energy will provide grants to help nonprofits cover the costs of energy efficiency upgrades, such as installing energy-efficient windows, doors, and insulation.
Read more...Can Uncharitable Change People's Minds About Nonprofits?
The Columbian recently reported on the new film "Uncharitable" and its potential to shift people's perspectives on overhead costs at nonprofits. The movie follows the story of a young woman who discovers the importance of overhead costs in running a successful nonprofit. She learns that the money spent on overhead is essential to the success of the organization and that it should not be viewed as a negative expense. The film also highlights the importance of transparency and accountability when it comes to nonprofit organizations.
Read more...Nonprofit Empowerment Symposium to Connect Local Nonprofits with Millions of Dollars in Grants
Prince George’s County Executive Angela Alsobrooks is hosting a Nonprofit Empowerment Symposium on November 1st at the Prince George’s Community College Center for Performing Arts. The event is organized by the county executive’s Office of Strategic Partnerships and will connect local nonprofits with millions of dollars in grant funding opportunities. The symposium will focus on The C3 Experience, which stands for Connect, Collaborate, and Cultivate relationships. Attendees will have the opportunity to learn about grant funding and network with other nonprofits.
Read more...What is a Nonprofit Organization? All You Need to Know!
A nonprofit organization (NPO) is an organization that serves the public good and is tax-exempt. It does not make a profit, and all revenue available after normal operating expenses is used for the public interest. In the United States, nonprofits can be incorporated or unincorporated, and donations to nonprofits are usually tax-deductible. According to Market Business News, these organizations can be educational, scientific, charitable, literary, religious, a trade or professional organization, etc.
Read more...Qgiv Launches Revolutionary AI Fundraising Solutions
Qgiv, a leading provider of fundraising technology solutions, recently announced the launch of Fundraising Intelligence by Qgiv (Fundraising IQ), a set of AI, machine learning, and data science tools designed to optimize fundraising results and reduce administrative tasks for fundraisers. Additionally, Qgiv has joined Fundraising.AI’s Framework Toward Responsible AI for Fundraising, an initiative dedicated to promoting ethical and responsible use of AI in the nonprofit sector. The goal of the new tools is to help nonprofits maximize their impact by simplifying day-to-day tasks and reduce burnout among fundraisers.
Read more...Discover the Innovative Nonprofits Competing for the Second Truist Foundation Inspire Awards
The Truist Foundation recently announced the finalists for the Inspire Awards, a pitch grant program that recognizes nonprofits from across the country with innovative solutions that support entrepreneurs. This year's awards focus on how nonprofits can use technology to help entrepreneurs better serve their customers and adapt to changing markets. The Inspire Awards will provide funding and wraparound services to the selected nonprofits. The finalists were chosen from a pool of over 500 applicants and will be evaluated by a panel of judges.
Read more...Nonprofits Struggle With Digital Transformation, Survey Finds
A survey conducted by Resources Blog has identified major digital transformation challenges for nonprofit organizations. The survey found that many nonprofits are struggling to keep up with the rapidly changing digital landscape, and are unable to take advantage of the many opportunities that digital transformation offers. The survey also revealed that the majority of nonprofits lack the resources, knowledge, and expertise to successfully implement digital transformation initiatives.
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