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Submitted via IRC for BoyceMagooglyMonkey

M.I.T. Plans College for Artificial Intelligence, Backed by $1 Billion [nytimes.com]

“Well, that is a big number,” Mr. Schwarzman said, recalling his initial reaction.

After further study, he said yes.

Mr. Schwarzman said he hoped that the M.I.T. move might trigger others to invest in America’s A.I. future, not just commercially. He points to the major push the Chinese government is making, and notes the fruits of United States government-funded research in the past — technologies that helped America take the global lead in industries from the personal computer to the internet.

“I think we’ve been lagging, for whatever reason,” Mr. Schwarzman said.

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