Chan Zuckerberg Initiative Announced a $3 Billion New Program to Cure Disease

Chan Zuckerberg Initiative Announced a $3 Billion New Program to Cure Disease

In this undated photo provided by Mark Zuckerberg, Max Chan Zuckerberg is held by her parents, Mark Zuckerberg and Priscilla Chan Zuckerberg.

This evening (Wednesday), Facebook CEO Mark Zuckerberg and his wife Priscilla Chan announced their next ambitious move. The first tangible step is a bio hub in Mission Bay where the best and brightest from Stanford, Cal, and UCSF will collaborate."Scientists are very independent and haven't always wanted to work in teams, but I think this is the way forward", UC Berkeley molecular biologist Robert Tjian said.

Cori Bargmann, a neuroscientist from The Rockefeller University and the new head of Chan Zuckerberg's science program, came out to explain how the $3 billion will be spent.

With a goal to cure diseases by the year 2100, CZI will allow their participating scientists to focus on long-term, multi-decade efforts that can begin to yield results some 30, 40 or 50 years from now.

Zuckerberg said he and Chan want to "make a better future for our children" by bringing engineering to social change.

"I have worked with families at their most hard moments in their lives, from making the devastation diagnosis of leukaemia to sharing with them that we were unable to resuscitate their child", she said.

The couple decided past year to donate 99% of their wealth, which at the time was valued at more than 45 billion dollars (£34.7 billion), to the Chan Zuckerberg philanthropic ventures. Structured as an LLC, Mark will donate 99% of his Facebook shares, or about $45 billion, to the organization during his lifetime.

"It's not that no one is doing this today, but out of all the money that our society spends on science funding, probably not enough is going towards tool development", Zuckerberg said.

Zuckerberg wants to cure all disease.

He also called for investments in artificial intelligence to probe the brain, machine learning to explore cancer genomes, computer chips to detect infectious disease and bloodstream monitors to catch diseases. The group's goal is to advance human potential and equality. He said the goal is to bring scientists and engineers together to build tools and more technology, while growing a movement to fund science.

The first is the Cell Atlas, a "map" that describes the different types of cells that control the body's major organs. "The biggest breakthroughs take many years".

Their research will focus on "understanding underlying mechanisms of disease and developing new technologies which will lead to actionable diagnostics and effective therapies", the billionaire said. As Gates said: "We desperately need this science".

Related Articles

  • Galaxy 7 users not returning potentially harmful devices

    A user of Chinese social media on Sunday posted messages saying a friend's Note 7 caught fire over the weekend. The company is also alerting customers to two ways to note if they have a safe or defective phone.
    Friday's roundup: Chun takes 2-shot lead at Evian

    Friday's roundup: Chun takes 2-shot lead at Evian

    PHOTO - In Gee Chun; credit Evian ChampionshipWritten and released by Lali Stander on behalf of the Sunshine Ladies Tour and WPGA. Park, meanwhile, has followed up her good form from the US Open, where she led at the halfway stage and finished tied for third.

    IS militants killed in Iraqi operation

    Prime Minister Haider al-Abadi has vowed the army will retake the city from the extremists before the end of the year. After it landed within the base, USA troops tested it and received a positive initial reading for mustard agent.
  • Trump Pledges 'Loyal Friendship' to Egypt if Elected US President

    Trump Pledges 'Loyal Friendship' to Egypt if Elected US President

    A report noted on Tuesday that both candidates have been presenting their foreign policy credentials to world leaders at the UN. He expressed great respect for Egypt's history and the important leadership role it has played in the Middle East.
    'Deplorables' remark hasn't hurt Clinton in new poll

    'Deplorables' remark hasn't hurt Clinton in new poll

    Clinton leads Trump, 44 percent to 35 percent, in a two-way race, according to Colorado Mesa University-Rocky Mountain PBS poll . In the poll, 37 percent of those surveyed were identified as Democrat, 32 percent as Republican and 31 percent as independent.

    USA rig count up 5 this week to 511

    The number of active U.S. oil rigs rose by 2 to 418 this week, according to oilfield-services giant Baker Hughs. The natural gas count saw a three-rig rise, recovering the three rigs it had lost in the week prior.
  • Tennessee dismisses unusual prediction by Florida cornerback

    Tennessee dismisses unusual prediction by Florida cornerback

    Tennessee cornerback Cam Sutton got hurt Saturday and is expected to miss "an extended period of time ", according to Jones. With that said, it's obvious to anyone who has played football, and knows football that Joshua Dobbs isn't being unleashed.
    Exports of marine products may reach Dollars  10 bn by 2020: MPEDA

    Exports of marine products may reach Dollars 10 bn by 2020: MPEDA

    Union Information and Broadcasting Minister M Venkaiah Naidu and Andhra Pradesh Chief Minister N Chandrababu Naidu will also attend the inaugural meet.
    Ventura County firefighter killed in crash en route to Vandenberg

    Ventura County firefighter killed in crash en route to Vandenberg

    Base officials say the fire, which started at around 2:00 p.m., is burning in the northern part of the base. It included his father's helmet, shoulder patches and a photo of him when he rescued a baby.
  • Boeing, Airbus get green light to export commercial aircraft to Iran

    Boeing, Airbus get green light to export commercial aircraft to Iran

    Fakhriyeh Kashan further said that Boeing has sent the text of its contract to Iran to be studied by the related authorities. Much of Iran's existing fleet was purchased before the 1979 Islamic Revolution under Shah Mohammad Reza Pahlavi.

    Forces push IS militants from key northern town

    While there has been much recent discussion about the launch of the drive on Mosul, operations to prepare for it began months ago. Black smoke continues to billow into the air from the Qayara oil field, damaged by IS militants last month as they fled the town.

    Jefferies Group Analysts Decrease Earnings Estimates for Viacom Inc. (VIAB)

    The 32 stock analysts who cover the stock have an average PT at $46.38, with individual targets in the range of $34 to $82. For the reporting quarter, equity analysts expect the stock to deliver $0.89 in earnings per share (EPS).