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Chan Zuckerberg Initiative Makes Its First Acquisition, Meta stat : Bloomberg

as informed in The Chan Zuckerberg Initiative intends to improve Meta’s product, which reads all scientific research and uses an algorithm to provide it to clients based on relevance.
Mark Zuckerberg’s philanthropic organization made its first acquisition, buying Meta, a website that makes it easier for scientists to find the latest academic research.
Zuckerberg and Chan have pledged to spend more than $3 billion over the next decade to work on curing diseases.
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You will now receive the Game Plan newsletter With the acquisition, the initiative is taking advantage of its status as a limited liability company rather than a charity.

Chan Zuckerberg Initiative Makes Its First Acquisition, Meta

referring to Mark Zuckerberg, right, founder and CEO of Facebook, and wife Priscilla Chan Photograph by Stephen Lam — ReutersThe Chan Zuckerberg Initiative is getting some help from artificial intelligence.
The deal was disclosed in a Facebook post Monday by Chan Zuckerberg Initiative president of science Cornelia Bargmann and the organization’s CTO Brian Pinkerton.
The Chan Zuckerberg also hired Bargmann, a former non-executive director of AstraZeneca , to become its president of science in September.
Meta CEO Sam Molyneux said in a blog post that by joining the Chan Zuckerberg Initiative, the Meta team would now find it easier to work with academics and researchers than it has before as a startup.
The philanthropic organization, founded by Facebook ( fb ) CEO Mark Zuckerberg and his wife Priscilla Chan in 2015, will buy Meta, a startup focusing on artificial intelligence and related data analytic technology in the healthcare industry.
Chan Zuckerberg Initiative to Buy Artificial Intelligence Startup Meta

referring to Zuckerberg and Chan set up the Chan Zuckerberg Initiative in 2015.
A philanthropic organization set up by Facebook founder Mark Zuckerberg and his wife Priscilla Chan has signed a deal to acquire Toronto tech company Meta.
Meta uses artificial intelligence to help researchers keep on top of the latest scientific papers.
IGan says the initiative and Meta are committed to offering these tools for free to all researchers.
Financial terms of the deal, announced by venture capital firm iGan Partners, an early Meta backer, were not immediately available.

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