Chan Zucerkberg Initiative to purchase AI startup Meta
In 2015, Facebook CEO Mark Zuckerberg and his wife Priscilla Chan founded the Chan Zuckerberg Initiative (CZI), a charitable organization made with the intent to better scientific and medical discoveries. In September of last year, CZI pledged $3 billion to find cures for all human diseases. Yesterday, the Initiative has announced a move aimed to help make good on that promise. CZI will acquire Meta, a startup developing artificial intelligence that is focused on furthering healthcare research.
Meta is working on AI technologies like machine learning to rapidly grasp the content of research and published papers and determine which would be most useful to medical professionals. Sam Molyneux, CEO of Meta, said that the acquisition would make Meta’s partnership creation more robust. Thanks to the influence and networking power of CZI, Meta “can now collaborate with experts and academics in ways that were never before possible as a startup.”
AI is quickly becoming the focus of medical and scientific research and is seen by many as the key to a new scientific revolution. IBM’s own Watson, an AI made famous for its defeat of human players on the game show Jeopardy!, is being tuned to sift through mountains of research and pinpoint medical trends. DeepMind, a Google-developed AI, has also recently been put to task digging through millions of eye scans at a London eye clinic (at least, when it’s not trouncing humans in online games of Go).