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Stephen A. Schwarzman. (AP Photo / Richard Drew)
Stephen Schwarzman, co-founder and CEO of a billionaire private equity giant Blackstone, has donated $ 350 million to a new $ 1 billion college intended for the study of the company. artificial intelligence announced this morning by the Massachusetts Institute of Technology. The college, which is to call the TI Stephen A. Schwarzman College of Computing will create 50 new faculty positions and several scholarships for graduate students. It will be operational in the fall of 2019 in temporary premises before moving into its own space on the MIT campus in Cambridge, Massachusetts, in 2022.
"As IT redefines our world, MIT wants to help it do it for the good of all," MIT President L. Rafael Reif said in a statement. Universities, the study of artificial intelligence is focused on the engineering and computer science departments.The new MIT school will seek to cultivate research on AI in all disciplines, including science and technology. social science.
"Our country does not have the opportunity or the greater challenge to responsibly exploit the power of artificial intelligence in order to remain globally competitive and achieve breakthroughs. will improve the whole of our society, "said Schwarzman in his statement.
MIT donation represents largest donation of Schwarzman, 71, whose net worth Forbes pickets at $ 13.6 billion. He made a series of gifts to academic institutions for programs and buildings bearing his name. In 2013, he gave $ 100 million to create a similar program to a Rhodes Scholar Scholzman Scholars at Tsinghua University in Beijing to educate future world leaders on China. Two years later, he pledged $ 150 million to Yale to establish the Schwarzman Center, a cultural center designed by A.M. Stern Architects to open in 2020. Schwarzman graduated from Yale in 1969.
In 2008, he spent $ 100 million on a $ 1 billion project to expand the New York Public Library's New York Public Library's Beaux Arts Building on Fifth Avenue, renamed the Stephen A. Schwarzman Building.
Earlier this year, he made the biggest gift ever made by a philanthropist to a public high school by announcing his intention to donate $ 25 million to his alma mater, Abington High School, on the outskirts of Philadelphia. But after a community protest, plans to rename the Abington Schwarzman High School School were canceled, although a new science and technology branch bears his name.
Scharzman's gift to MIT is one of the most important in a single academic institution. The most important remains at $ 600 million, made by Intel founder Gordon Moore and his wife Betty, at the California Institute of Technology in 2001 (half of the donation comes directly from the Moores and the other half from their foundation), according to a count by the Philanthropy column. The founder of billionaire Nike Phil Knight, along with his wife Penny, is the country's most generous donor and is awarding $ 500 million to his undergraduate student, the University of Oregon, for a new complex scientist in Eugene and $ 500 million for Oregon Health. & Science University for cancer research and $ 400 million at Stanford, where he went to business school, for a graduate scholarship program. Knights have already donated to schools totaling $ 305 million. The former mayor of New York City, Michael Bloomberg, is following Knight closely; He has donated more than $ 1 billion over the years to his alma mater, Johns Hopkins, and an additional $ 100 million to Cornell Tech, Roosevelt College of Technology in New York.
In her statement, MIT, Reif, says the $ 1 billion it raises for the AI school is "the biggest investment in computer science and AI by an American university institution ".
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Stephen A. Schwarzman. (AP Photo / Richard Drew)
Stephen Schwarzman, co-founder and CEO of a billionaire private equity giant Blackstone, has donated $ 350 million to a new $ 1 billion college intended for the study of the company. artificial intelligence announced this morning by the Massachusetts Institute of Technology. The college, which is to call the TI Stephen A. Schwarzman College of Computing will create 50 new faculty positions and several scholarships for graduate students. It will be operational in the fall of 2019 in temporary premises before moving into its own space on the MIT campus in Cambridge, Massachusetts, in 2022.
"As IT redefines our world, MIT wants to help it do it for the good of all," MIT President L. Rafael Reif said in a statement. Universities, the study of artificial intelligence is focused on the engineering and computer science departments.The new MIT school will seek to cultivate research on AI in all disciplines, including science and technology. social science.
"Our country does not have the opportunity or the greater challenge to responsibly exploit the power of artificial intelligence in order to remain globally competitive and achieve breakthroughs. will improve the whole of our society, "said Schwarzman in his statement.
MIT donation represents largest donation of Schwarzman, 71, whose net worth Forbes pickets at $ 13.6 billion. He made a series of gifts to academic institutions for programs and buildings bearing his name. In 2013, he gave $ 100 million to create a similar program to a Rhodes Scholar Scholzman Scholars at Tsinghua University in Beijing to educate future world leaders on China. Two years later, he pledged $ 150 million to Yale to establish the Schwarzman Center, a cultural center designed by A.M. Stern Architects to open in 2020. Schwarzman graduated from Yale in 1969.
In 2008, he spent $ 100 million on a $ 1 billion project to expand the New York Public Library's New York Public Library's Beaux Arts Building on Fifth Avenue, renamed the Stephen A. Schwarzman Building.
Earlier this year, he made the biggest gift ever made by a philanthropist to a public high school by announcing his intention to donate $ 25 million to his alma mater, Abington High School, on the outskirts of Philadelphia. But after a community protest, plans to rename the Abington Schwarzman High School School were canceled, although a new science and technology branch bears his name.
Scharzman's gift to MIT is one of the most important in a single academic institution. The most important remains at $ 600 million, made by Intel founder Gordon Moore and his wife Betty, at the California Institute of Technology in 2001 (half of the donation comes directly from the Moores and the other half from their foundation), according to a count by the Philanthropy column. The founder of billionaire Nike Phil Knight, along with his wife Penny, is the country's most generous donor and is awarding $ 500 million to his undergraduate student, the University of Oregon, for a new complex scientist in Eugene and $ 500 million for Oregon Health. & Science University for cancer research and $ 400 million at Stanford, where he went to business school, for a graduate scholarship program. Knights have already donated to schools totaling $ 305 million. The former mayor of New York City, Michael Bloomberg, is following Knight closely; He has donated more than $ 1 billion over the years to his alma mater, Johns Hopkins, and an additional $ 100 million to Cornell Tech, Roosevelt College of Technology in New York.
In her statement, MIT, Reif, says the $ 1 billion it raises for the AI school is "the biggest investment in computer science and AI by an American university institution ".
