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[Published: Wednesday June 19 2019]

 US billionaire donates £ 150m to Oxford University

 
WASHINGTON 19 Jun (ANA) - An American billionaire and adviser to Donald Trump has given Oxford University its largest single donation "since the Renaissance" to investigate the ethics of artificial intelligence.
 
The £150m gift from Stephen A Schwarzman, chief executive and co-founder of US investment and private equity firm Blackstone, is reported to be the biggest ever single donation to a UK university.
 
A centre named after the philanthropist will house all of the university's humanities subjects for the first time and is expected to open in 2024.
 
It will also be home to Oxford University's new Institute for Ethics in AI, which will explore questions affecting the workplace and society.
 
Mr Schwarzman, who is not an Oxford graduate, said he was "proud" to partner with the university as AI is going to be the "fourth revolution".
 
"It is going to impact jobs, excellence, efficiency and it is a force for amazing good and also a potential force for not good," he told the BBC's Today programme.
 
"What is important about it isn't just what it can do, but making sure it is introduced in a way unlike the internet.
 
"The internet was invented by a bunch of computer scientists and they threw it out there because they thought it was cool.
 
"And parts of it were cool - interconnectedness, globally the ability to communicate, it is pretty amazing.
 
"What they forgot were all the negatives, this inability to control cyber bullying, lack of freedom of speech - all kinds of negative things."(ANA)
FA/ANA/19 June 2019-------
 
 

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