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Greetings, Agents of Impact! In today’s Brief: Featured: Shaping the Algorithm Designing broad-based ownership of AI to share power along with wealth. Anthropic’s …
Designing broad-based ownership of AI to share power along with wealth. Anthropic’s Dario Amodei has proposed a 3% tax on AI revenues. New York Assemblyman Alex Bores, who is running for Congress in next week’s primary, wants an “AI dividend,” funded by AI usage, to pay workers in the event of mass displacement. Employee ownership expert Joseph Blasi of Rutgers University has floated the idea of “homestead stakes” in AI companies, and AI-funded sovereign wealth funds (see ImpactAlpha’s Q&A with Blasi). A growing chorus of stakeholders is calling for "broad-based ownership" of AI. “What does that mean in practice? And what would move incumbent market powers to share the upside?” asks Delilah Rothenberg of The Predistribution Initiative. The think tank is tackling these questions with a new AI Lab and a three-part series examining AI-driven risks to workers and society. Workers and communities that host infrastructure and natural resource projects provide essential human and social capital that businesses depend on, Rothenberg writes. “Like executives and investors, workers and communities should participate in, and be incentivized with, equity upside in addition to living wages.”
Community Capital Management backs LEBEC to boost innovative finance in the private impact market. Miami-based LEBEC guides funders and social entrepreneurs on innovative finance strategies and value propositions to multiply their impact, using financial tools across the philanthropy and investment spectrum. The team works to address systemic gaps in clean energy; water, health and food systems; and decarbonization and climate adaptation along the way. A newly launched investment division, LEBEC Capital Partners, structures and invests in diversified portfolios of private market funds to give investors’ exposure to systemic solutions. LEBEC has secured a strategic investment from Community Capital Management, a $7 billion public fixed-income impact asset manager that wants more exposure to the private impact market. “CCM seeks to complement its public markets expertise while supporting new private market capital solutions that address societal needs, including sustainability, infrastructure, health outcomes and economic inclusion,” CCM’s Alyssa Greenspan told ImpactAlpha.
Extending financing to protect Africa’s green transition from fossil fuel shocks. Shipments may again start moving through the Strait of Hormuz under an agreement between the US and Iran. Shocks from the four-month conflict will be felt long after oil, gas and other supply flows recommence. In a guest post, Sandra Halilovic of Acumen’s Hardest-to-Reach Catalyze initiative, spotlights setbacks caused by the war in Iran on renewable energy adoption in countries like Somalia and Malawi. “When global energy systems are disrupted, the consequences in the Global South go far beyond gas pump prices," she writes. "They cascade through entire economies, with the poorest households ultimately bearing the biggest burden.”
Davianna Olert is promoted to head of social impact and strategic initiatives at Beam Impact… Sarah Schwimmer will step down as co-lead at B Lab after nearly five years… Dutch bank ABN AMRO seeks a sustainable investing intern in Amsterdam… SDG Impact Partners is looking for a partner focused on emerging markets… The Berkeley Research Group is hiring a senior associate for its energy and climate practice in Washington, DC.
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A growing chorus of stakeholders is calling for “broad-based ownership” of AI. But what does that mean in practice? And what would move …
Recently, Alphabet announced the ubiquitous Google search bar will be completely powered by artificial intelligence. This comes as the parent company of Google …
Detroit, Mich. – Detroit is shedding its underdog stance for a more inclusive pitch: the Motor City as an AI-era launchpad where tech innovation …
African startups are joining the AI race, on their own terms. From Nairobi to Lagos to Johannesburg, local entrepreneurs are building on open …
No rule or regulator required Anthropic to pause the release of its new Mythos model. The San Francisco-based AI company voluntarily limited its …
Refiant AI’s plan for curbing AI data centers’ surging energy demands isn’t more energy production, it’s shrinking AI models’ energy needs. The US …
“AI is more suited to ‘move slow to move fast’ than ‘move fast and break things’.“ A New York-based partner at a billion-dollar-plus …
On the streets of Austin, Tesla’s Optimus robot served drinks to SXSW revelers. Nearby, a pint-sized android flipped the bird at passersby. The …
In January, Anthropic CEO Dario Amodei published “The Adolescence of Technology,” arguing that AI is powerful enough to reshape society but not yet …
Inside the big business of impact investing.
Three years ago, the Canadian government set aside $755 million to jumpstart the country’s social finance market (see, “Canada’s Social Finance Fund aims …
Private equity fundraising and deals are still in a slump and valuations are under pressure. But at the annual SuperReturn conference in Berlin, …
Plastics are so 1950s. “Everyone’s coming to the idea that we need to rethink the traditional polymer and plastic economy, which developed in …
With their supply chains, their manufacturing and their operations, family business leaders in Hong Kong, Korea, Singapore and other economic hubs in Asia …
Venture capital firms are placing increasingly large bets on pre-revenue startups. Infrastructure and private equity buyout funds are looking to take control of …
A decade ago, the board of Toronto-based Inspirit Foundation committed 100% of its portfolio, in public and private holdings, to impact. In 10 …
An invitation to meaningful and necessary change is not an invitation to ease, elegance or glamor. Organizers of last week’s Katapult Future Fest …
The places that need climate capital the most have long gotten the least. The outcome of global efforts to mitigate the worst effects …
Private equity giants have long sought access to Americans’ retirement accounts. The White House is no longer standing in their way. In August …
Provocative opinions and insightful analysis from the community
A recent McKinsey report puts the stakes of the Great Ownership Transition in stark terms. By 2035, roughly 6 million small and medium-size …
Community Development Financial Institutions, or CDFIs, are entering a period of profound transition. For decades, these mission-driven lenders have expanded access to capital …
Much of the focus on the crisis in the Gulf and shipping disruptions through the Strait of Hormuz has been on the impact …
A growing chorus of stakeholders is calling for “broad-based ownership” of AI. But what does that mean in practice? And what would move …
The Bureau of Labor Statistics just reported that inflation hit 4.2% over the past 12 months, the highest in three years. Look inside the number and …
In early 2026, Anthropic stepped back from a significant engagement with the Pentagon. The decision turned on something harder than a financial calculation: …
Residents of East Carroll Parish, Louisiana did everything they could. For six years, a coalition of faith leaders and local organizers ran door-to-door …
Go to almost any film festival and you’re likely to hear filmmakers bemoan the dire straits of film financing. It’s never been harder …
The “Resilient Capital Stacks” series has highlighted how local leaders blend public, private and philanthropic dollars to build climate infrastructure rooted in specific …
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There is no denying that impact finance is one of the most sought after spaces in finance right now, but what does it …
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