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Science reporter Jeffrey Mervis notes that the $350 million gift from Stephen Schwarzman, which will help establish a new college of computing at MIT, will enable the Institute to hire 50 new faculty members. Provost Martin Schmidt notes that the college will be instrumental in “linking computation to all disciplines on campus.”

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MIT will reshape itself to shape the future, investing $1 billion to address the rapid evolution of computing and AI — and its global effects. At the heart of this effort: a $350 million gift to found the MIT Stephen A. Schwarzman College of Computing.

MIT reshapes itself to shape the future

Gift of $350 million establishes the MIT Stephen A. Schwarzman College of Computing, an unprecedented, $1 billion commitment to world-changing breakthroughs and their ethical application.