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MIT Announces Plan for $1B Effort on Computing, AI

October 16, 2018

Massachusetts Institute of Technology on Monday morning announced a $1 billion plan to create a new college of computing within MIT, and to promote teaching and research on computing and artificial intelligence. MIT's announcement says the effort "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."

The new college will be named for Stephen A. Schwarzman, who is donating $350 million. Schwarzman is chairman, CEO and co-founder of Blackstone, a global asset manager. (Other large gifts to higher education may be viewed in this Inside Higher Ed database.)

MIT said the effort would, among other things:

  • "Reorient MIT to bring the power of computing and AI to all fields of study at MIT, allowing the future of computing and AI to be shaped by insights from all other disciplines."
  • Create 50 new faculty positions.
  • "Educate students in every discipline to responsibly use and develop AI and computing technologies to help make a better world."

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Scott Jaschik

Scott Jaschik, Editor, is one of the three founders of Inside Higher Ed. With Doug Lederman, he leads the editorial operations of Inside Higher Ed, overseeing news content, opinion pieces, career advice, blogs and other features. Scott is a leading voice on higher education issues, quoted regularly in publications nationwide, and publishing articles on colleges in publications such as The New York Times, The Boston Globe, The Washington Post, Salon, and elsewhere. He has been a judge or screener for the National Magazine Awards, the Online Journalism Awards, the Folio Editorial Excellence Awards, and the Education Writers Association Awards. Scott served as a mentor in the community college fellowship program of the Hechinger Institute on Education and the Media, of Teachers College, Columbia University. He is a member of the board of the Education Writers Association. From 1999-2003, Scott was editor of The Chronicle of Higher Education. Scott grew up in Rochester, N.Y., and graduated from Cornell University in 1985. He lives in Washington.

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