Deals
Schwarzman Gives $350 Million for MIT College of Computing
- It’s the largest personal gift made by Blackstone CEO
- School to be named after him set for 2022 completion
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Stephen Schwarzman, head of Blackstone Group LP, has given $350 million -- his largest personal gift -- to help establish a college of computing at the Massachusetts Institute of Technology.
The MIT Stephen A. Schwarzman College of Computing is part of a $1 billion commitment from the university and will address the opportunities and challenges produced by the prevalence of computing and the rise of artificial intelligence, the Cambridge, Massachusetts-based school said in a statement Monday.