A group of ten leading philanthropies announced a bold new initiative to ensure that AI advances the public interest in the areas of need identified by Vice President Kamala Harris. Participating foundations are committed to leveraging and aligning grantmaking toward progress on these urgent issues. These institutions are collectively contributing more than $200 million in funding toward public interest efforts to mitigate AI harms and promote responsible use and innovation. Going forward, they will coordinate new actions in this space and will convene in the new year with a cross-sector set of actors to take stock of progress.