MIT Is Making a Record Investment in AI With Its New $1 Billion College

Blackstone CEO Stephen Schwarzman pledged $350 million to the project

One of the leading institutions in artificial intelligence research is spending big on a new hub for its study.

The Massachusetts Institute of Technology said Monday it will establish a $1 billion interdisciplinary college focused on AI and machine learning thanks to a $350 million donation from Stephen Schwarzman, co-founder and CEO of the private equity firm Blackstone. The plan marks the single largest investment in AI of any U.S. academic institution to date, the school claims.

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