The pioneering organization was awarded a
$500,000 grant from Open
AI to explore how artificial intelligence can increase
its impact
ATLANTA, July 9, 2024
/PRNewswire/ -- Operation HOPE has become the first financial
literacy nonprofit organization to embed artificial intelligence
into its model. Open AI awarded its first-ever grant to a
community-based organization with $500,000 to help build out Operation HOPE's
financial coaching and support services. The grant was announced in
December 2023 during the HOPE Global
Forums | Annual Meeting in Atlanta. Operation HOPE CEO John Hope Bryant and Open AI CEO Sam Altman also announced the formation of a
first-of-its-kind AI Ethics Council, which held its inaugural
meeting on June 28th.
The pioneering organization was awarded a
$500,000 grant to explore how
artificial intelligence can increase its impact.
To date, Operation HOPE has deployed artificial intelligence
to:
- Optimize coaching effectiveness and improve Operation HOPE's
client experiences.
- Apply machine learning to identify specific actions and
activities HOPE Financial Coaches can do to improve coach-client
interactions.
- Upgrading the client management system to formulate AI-driven
pathways to guide them toward improved outcomes.
The partnership evolved when Mr. Altman and Mr. Bryant joined
together for a listening tour at Clark Atlanta
University in the spring of 2024. They determined that they
share concerns about bias and discrimination in AI, yet also
believe that AI can overwhelmingly positively impact lives and
create new economic opportunities for people of color. By working
with HBCUs and civil rights leaders, who have a rich history as
shapers and guardians of civil liberties—along with deep experience
in understanding and guiding ethical decision-making during
historical-critical junctures— the AI Ethics Council is designed to
help ensure the inclusivity of marginalized populations and people
of color during this economic revolution.
At the inaugural meeting, James
Hairston, Open AI's Head of International Policy and
Partnerships, briefed members on the current state of AI,
including its challenges and opportunities. Mr. Bryant shared
that he will be convening a meeting of tech leaders to advance
issues important to the council, and announced the Council
website will go live July 1, 2024. "I see this
website as our first stake in the ground. Its substance will grow,
expand, and deepen over time. Transparency will be a hallmark. I
encourage all citizens, here and abroad, to get informed and
educated around what AI really is and isn't," said Mr. Bryant. "As
a council, we aim to focus our attention on the needle we can help
move: expanding inclusive opportunity around our shared future, for
everyone, as it relates to AI."
A full replay of the conversation between Mr. Bryant and Mr.
Altman at the Hope Global Forums can be viewed here.
About Operation HOPE
Since 1992, Operation HOPE has
been moving America from civil rights to "silver rights" with the
mission of making free enterprise and capitalism work for the
underserved – disrupting poverty for millions of low and
moderate-income youth and adults across the nation. Through its
community uplift model, HOPE Inside, which received the 2016
Innovator of the Year recognition by American Banker magazine,
Operation HOPE has served more than 4 million individuals and
directed more than $3.2 billion in
economic activity into disenfranchised communities—turning
check-cashing customers into banking customers, renters into
homeowners, small business dreamers into small business owners,
minimum wage workers into living wage consumers, and uncertain
disaster victims into financially empowered disaster survivors. For
more information: OperationHOPE.org. Follow the HOPE
conversation
on Twitter, Facebook, Instagram or LinkedIn.
Operation HOPE Contacts:
Kevin Boucher, Operation HOPE
Kevin.boucher@operationhope.org
Lalohni Campbell, Per/Se Media Group
la@persemediagroup.com
404-593-7145
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SOURCE Operation HOPE, Inc.