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.
Headquartered in a signature new building on MIT’s campus, the new MIT Schwarzman College of Computing will be an interdisciplinary hub for work in computer science, AI, data science, and related fields. The College will:
With the MIT Schwarzman College of Computing’s founding, MIT seeks to strengthen its position as a key international player in the responsible and ethical evolution of technologies that are poised to fundamentally transform society. Amid a rapidly evolving geopolitical environment that is constantly being reshaped by technology, the College will have significant impact on our nation’s competitiveness and security.
“As computing reshapes our world, MIT intends to help make sure it does so for the good of all,” says MIT President L. Rafael Reif. “In keeping with the scope of this challenge, we are reshaping MIT. The MIT Schwarzman College of Computing will constitute both a global center for computing research and education, and an intellectual foundry for powerful new AI tools. Just as important, the College will equip students and researchers in any discipline to use computing and AI to advance their disciplines and vice-versa, as well as to think critically about the human impact of their work. With uncommon insight and generosity, Mr. Schwarzman is enabling a bold agenda that will lead to a better world. I am deeply grateful for his commitment to our shared vision.”
Stephen A. Schwarzman is chairman, CEO and co-founder of Blackstone, one of the world’s leading investment firms, with approximately $440 billion in assets under management. Mr. Schwarzman is an active philanthropist with a history of supporting education, culture, and the arts, among other things. Whether in business or philanthropy, he has dedicated himself to tackling global-scale problems, with transformative and paradigm-shifting solutions.
This year, he gave $5 million to Harvard Business School to support the development of case studies and other programming that explore the implications of AI on industries and business. In 2015, Mr. Schwarzman donated $150 million to Yale University to establish the Schwarzman Center, a first-of-its-kind campus center in Yale’s historic Commons building. In 2013, he founded a highly selective international scholarship program, Schwarzman Scholars, at Tsinghua University in Beijing to educate future global leaders about China. At $578 million raised to date, the program is modeled on the Rhodes Scholarship and is the single largest philanthropic effort in China’s history coming largely from international donors.
“There is no more important opportunity or challenge facing our nation than to responsibly harness the power of artificial intelligence so that we remain competitive globally and achieve breakthroughs that will improve our entire society,” Mr. Schwarzman says. “We face fundamental questions about how to ensure that technological advancements benefit all—especially those most vulnerable to the radical changes AI will inevitably bring to the nature of the workforce. MIT’s initiative will help America solve these challenges and continue to lead on computing and AI throughout the 21st century and beyond.”
“As one of the world leaders in technological innovation, MIT has the right expertise and the right values to serve as the ‘true north’ of AI in pursuit of the answers we urgently need,” Mr. Schwarzman adds. “With the ability to bring together the best minds in AI research, development, and ethics, higher education is uniquely situated to be the incubator for solving these challenges in ways the private and public sectors cannot. Our hope is that this ambitious initiative serves as a clarion call to our government that massive financial investment in AI is necessary to ensure that America has a leading voice in shaping the future of these powerful and transformative technologies.”
New college, structure, building, and faculty
The MIT Schwarzman College of Computing represents the most significant structural change to MIT since the early 1950s, which saw the establishment of schools for management and for the humanities and social sciences:
Today’s news follows a period of consultation of the MIT faculty led by President Reif, Provost Martin Schmidt, and Dean of the School of Engineering Anantha Chandrakasan. The chair of the faculty, Professor Susan Silbey, also participated in these consultations. Reif and Schmidt have also received letters of support for the College from academic leadership across MIT.
“Because the journey we embark on today will be Institute-wide, we needed input from across MIT in order to establish the right vision,” Schmidt says. “Our planning benefited greatly from the imagination of many members of our community—and we will seek a great deal more input over the next year. By design, the College will not be a silo: It will be connective tissue for the whole Institute.”
“I see exciting possibilities in this new structure,” says Melissa Nobles, dean of the MIT School of Humanities, Arts, and Social Sciences. “Faculty in a range of departments have a great deal to gain from new kinds of algorithmic tools—and a great deal of insight to offer their makers. Faculty in every school at MIT will be able to shape the work of the College.”
At its meeting on Oct. 5, the MIT Corporation—MIT’s board of trustees—endorsed the establishment of the College.
Corporation Chair Robert Millard says, “The new College positions MIT to lead in this important area, for the benefit of the United States and the world at large. In making this historic gift, Mr. Schwarzman has not only joined a select group of MIT’s most generous supporters, he has also helped give shape to a vision that will propel MIT into the future. We are all deeply grateful.”
Empowering the pursuit of MIT’s mission
The MIT Schwarzman College of Computing will aspire to excellence in MIT’s three main areas of work: education, research, and innovation:
“As MIT’s partner in shaping the future of AI, IBM is excited by this new initiative,” says Ginni Rometty IBM chairman, president, and CEO. “The establishment of the MIT Schwarzman College of Computing is an unprecedented investment in the promise of this technology. It will build powerfully on the pioneering research taking place through the MIT-IBM Watson AI Lab. Together, we will continue to unlock the massive potential of AI and explore its ethical and economic impacts on society.”
Sparking thought around policy and ethics
The MIT Schwarzman College of Computing will seek to be not only a center of advances in computing, but also a place for teaching and research on relevant policy and ethics to better ensure that the groundbreaking technologies of the future are responsibly implemented in support of the greater good. To advance these priorities, the College will:
“Computing is no longer the domain of the experts alone. It’s everywhere, and it needs to be understood and mastered by almost everyone. In that context, for a host of reasons, society is uneasy about technology—and at MIT, that’s a signal we must take very seriously,” President Reif says.
“Technological advancements must go hand in hand with the development of ethical guidelines that anticipate the risks of such enormously powerful innovations. This is why we must make sure that the leaders we graduate offer the world not only technological wizardry but also human wisdom—the cultural, ethical, and historical consciousness to use technology for the common good.”
“The College’s attention to ethics matters enormously to me, because we will never realize the full potential of these advancements unless they are guided by a shared understanding of their moral implications for society,” Mr. Schwarzman says. “Advances in computing—and in AI in particular—have increasing power to alter the fabric of society. But left unchecked, these technologies could ultimately hurt more people than they help. We need to do everything we can to ensure all Americans can share in AI’s development. Universities are best positioned for fostering an environment in which everyone can embrace—not fear—the transformations ahead.”
In its pursuit of ethical questions, the College will bring together researchers in a wide range of MIT departments, labs, centers, and initiatives, such as the Department of Electrical Engineering and Computer Science; the Computer Science and Artificial Intelligence Lab; the Institute for Data, Systems, and Society; the Operations Research Center; the Quest for Intelligence, and beyond.
“There is no doubt that artificial intelligence and automation will impact every facet of society. As we look to the future, we must utilize these important technologies to shape our world for the better and harness their power as a force for social good,” says Darren Walker, president of the Ford Foundation. “I believe that MIT’s groundbreaking initiative, particularly its commitment to address policy and ethics alongside technological advancements, will play a crucial role in ensuring that AI is developed responsibly and used to make our world more just.”
Building on history and breadth
The MIT Schwarzman College of Computing will build on MIT’s legacy of excellence in computation and the study of intelligence. In the 1950s, MIT Professor Marvin Minsky and others created the very idea of artificial intelligence:
“A bold move to reshape the frontiers of computing is what you would expect from MIT,” says Eric Schmidt, former executive chairman of Alphabet and a visiting innovation fellow at MIT. “I’m especially excited about the MIT Schwarzman College of Computing, however, because it has such an obviously human agenda.” Schmidt also serves on the advisory boards of the MIT Quest for Intelligence and the MIT Work of the Future Task Force.
“We count many MIT graduates among our team at Apple, and have long admired how the school and its alumni approach technology with humanity in mind.
MIT’s decision to focus on computing and AI across the entire institution shows tremendous foresight that will drive students and the world toward a better future,” says Apple CEO Tim Cook.
The path forward
On top of Mr. Schwarzman’s gift, MIT has raised an additional $300 million in support, totaling $650 million of the $1 billion required for the College. Further fundraising is being actively pursued by MIT’s senior administration.
Provost Schmidt has formed a committee to search for the College’s inaugural dean. He will also host forums in the coming days that will allow members of the MIT community to ask questions and offer suggestions about the College. The provost will work closely with the chair of the faculty and the dean of the School of Engineering to define the process for standing up the College.
“I am truly excited by the work ahead,” Schmidt says. “The MIT community will give shape and energy to the College we launch today.”
This story originally appeared on MIT News on October 15, 2018.