March 24 (Reuters) - OpenAI on Tuesday announced key

leadership appointments for its nonprofit arm and committed to

investing at least $1 billion through the division over the next

year in AI-related projects following a major restructuring at

the ChatGPT-maker.

The OpenAI Foundation's spending will focus on measures

including life sciences and medical research and workforce and

community programs, OpenAI said.

In October, it announced a restructuring that allowed the

company to move away from its nonprofit roots, likely to go

public and help unlock more financing. The deal transformed

OpenAI into a public benefit corporation controlled by a

nonprofit with a stake in its financial success.

The company said on Tuesday that Robert Kaiden was joining

the foundation as CFO. Kaiden has previously held senior

leadership positions at Deloitte, Twitter - now called X - and

luxury travel company Inspirato.

Through the investment, OpenAI will partner with

institutions to use AI to research and develop treatments for

Alzheimer's. It will also focus on high-mortality disease areas

that do not receive enough funding, the company said.

It also said it would fund the development of AI safety

measures for children and youth as well as community

initiatives.

OpenAI co-founder Wojciech Zaremba is joining the foundation

to lead the company's AI safety work, while Jacob Trefethen -

from philanthropic funding and advisory firm Coefficient Giving

- will head the foundation's life sciences efforts.