Chan Zuckerberg Initiative Announces $3 Billion Investment To Cure All Disease

The Chan Zuckerberg Initiative just announced one of its biggest investments to date: It is ponying up more than $3 billion to kickstart "Chan Zuckerberg Science," an initiative that plans to bring together multidisciplinary teams of scientists in an effort to prevent, cure or manage "all diseases in our children's lifetime."

If you remember, at the end of last year, Facebook founder Mark Zuckerberg and his wife, Priscilla Chan, promised to give away almost all of their $45 billion fortune during their lifetime. This project is a part of that promise.

Chan and Zuckerberg made the announcement Wednesday during an event in San Francisco that was streamed live on Facebook.

Venture Beat reports:

" 'That doesn't mean that no one will ever get sick,' Mark Zuckerberg later said. But the program aims to eventually make all diseases treatable — or at least easily manageable — by the end of the 21st century. 'Our society spends 50x more treating people who are sick than on finding cures. We can do better than that,' said Zuckerberg.

"At a distance, the project...