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Perplexity AI and Databricks Co-Founder Andy Konwinski Launches $100M A.I. Institute

  • Andy Konwinski announced on June 23 the launch of the Laude Institute, a nonprofit AI research organization backed by his $100 million pledge.
  • Konwinski founded Laude Ventures in 2024 and structured the institute to support independent research free from commercial pressures through a nonprofit-plus-PBC model.
  • Laude Institute will fund research via two flagship programs: Slingshots grants for early-stage projects and Moonshots for long-term societal challenges.
  • Laude is providing $3 million each year for a period of five years to fund the creation of a new AI Systems Lab at UC Berkeley, which Ion Stoica will lead and is scheduled to open in 2027.
  • Laude aims to accelerate impactful AI research by combining fast grants with multiyear funding and building a broad coalition supporting ethical AI development.
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TechCrunch broke the news in United States on Monday, June 23, 2025.
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