Details
Type Donation
Start Date 2018-00-00
Amount $350,000,000
Goods MIT today announced a new $1 billion commitment to address the global opportunities and challenges presented by the prevalence of computing and the rise of artificial intelligence (AI). The initiative marks the single largest investment in computing and AI by an American academic institution, and will help position the United States to lead the world in preparing for the rapid evolution of computing and AI. At the heart of this endeavor will be the new MIT Stephen A. Schwarzman College of Computing, made possible by a $350 million foundational gift from Mr. Schwarzman, the chairman, CEO and co-founder of Blackstone, a leading global asset manager.