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Millennials Take Charge Of Family Foundations
The elders of Greensboro, N.C., will probably tell you that the public image of the self-centered millennial generation needs a rethink. They have good reason. Kevin and Elizabeth Phillips, a couple in their 20s, have materially helped reinvent the economy and culture in Guilford County by employing their family’s foundation to support programs that put every local kid through college, built a $78 million performing arts center, reduced chronic homelessness to zero, and established a modern nursing school. And those ... Full investment news article
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Microsoft Ventures Creates AI Fund
Microsoft's venture arm, announced in May 2016, also is establishing an AI-specific fund, officials said on December 12. Officials said today's announcement of an investment in Element AI, an incubator and AI platform based in Montreal, is the first of its investments from this fund. Full investment news article