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Ripple Co-Founder Jed McCaleb to Invest $1 Billion to Develop Brain-Based AGI System

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On March 27, Forbes reported that Jed McCaleb—co-founder of Ripple and Stellar—will donate $1 billion from his roughly $3.9 billion cryptocurrency fortune to his nonprofit, the Astera Institute, to develop an AGI system rooted in human brain principles. He has also committed an additional $600 million to neuroscience research. Headquartered in Emeryville, the Astera Institute is currently planning to record neural activity patterns during mouse tasks using brain-machine interfaces, then translate those findings into a new AI architecture. Experiment subjects will eventually expand to include monkeys and humans. McCaleb notes that the current mainstream Transformer architecture lacks key elements like planning, decision-making, and motivation, highlighting the need to explore new directions. AI built on human brain principles, he says, will be more understandable and controllable by humans.
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