US CEO hands Oxford University $189 million for AI studies

phys.org | 1/22/2019 | Staff
iceyy (Posted by) Level 3
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An American billionaire has given Oxford University 150 million pounds ($188.6 million) for a new institute that will study the ethical implications of artificial intelligence and computing technologies.

The donation from Stephen Schwarzman, CEO of the private equity firm Blackstone, will also fund a center to house all of the university's humanities subjects in a single space to encourage collaborative study.

AI - Revolution - Jobs - Excellence - Efficiency

"AI is going to be the fourth revolution, and it is going to impact jobs, excellence, efficiency," Schwarzman told the BBC. "It is a force for amazing good and also a potential force for not good."

Schwarzman compared the rise of AI to the rise of the internet, which was launched by computer scientists who thought it was "cool."

Parts - Ability - Negatives - Inability - Cyber

"And parts of it were cool—interconnectedness, globally the ability to communicate, it is pretty amazing," he said. "What they forgot were all the negatives, this inability to control cyber bullying, lack of freedom of...
(Excerpt) Read more at: phys.org
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