The head of private equity firm Blackstone has pledged $150 million to Oxford Un...
FILE PHOTO: Stephen Schwarzman, Co-Founder, Chairman and CEO of Blackstone, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, California, U.S., April 29, 2019. REUTERS/Mike Blake
Stephen Schwarzman, chairman, chief executive and co-founder of Blackstone which has about $500 billion in assets, said the donation would fund the Schwarzman Center that would support programs ranging from history to music.“For nearly 1,000 years, the study of the humanities at Oxford has been core to Western civilization and scholarship. We need to ensure that its insights and principles can be adapted to today’s dynamic world,” Schwarzman said in a statement.
Tim Berners-Lee, inventor of the World Wide Web, said in the statement: “If AI is to benefit humanity we must understand its moral and ethical implications. Oxford with its rich history in humanities and philosophy is ideally placed to do this.”
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