Zuckerberg And Chan To Invest Up To $3.4 Billion For Science Advances
On Tuesday, a spokesperson for the company that runs the philanthropy of Facebook CEO Mark Zuckerberg and wife Priscilla Chan announced plans to invest up to $3.4 billion to advance human health over the next 10 to 15 years.
The Chan Zuckerberg Initiative (CZI) announced its latest endeavour to “observe, measure, and analyze any biological process throughout the human body — across spatial scales and in real time.”
The CZI’s mission is to cure, prevent and manage all diseases by the end of 2100, with the belief being that the organisation’s focus on science work over the next decade will bring it closer to achieving its goal.
The company’s spokesperson said $500 million will be donated to establish an artificial intelligence-focused institute at Harvard University. The institute, which will be named after Zuckerberg’s mother, will receive the funding over the next 15 years.
$600 to $900 million will be allocated to a new biomedical imaging institute at CZI, while the Chan Zuckerberg Biohub Network, which seeks to unite scientific institutions to overcome major scientific challenges, will receive $1 billion. Additionally, a separate $800 million to $1 billion will be awarded over 10 years to the Chan Zuckerberg Biohub.