Billionaire Stephen Schwarzman Donates Almost 190 Million To Oxford University To Study Artificial Intelligence

Schwarzman told the BBC that the issue of ethics in artificial intelligence technology is “one of the major issues of our age.” elaborating on the enormous potential for change – both positive and negative – that AI could have on all human life in the future: “AI is going to be the fourth revolution, and it is going to impact jobs, excellence, efficiency…It is a force for amazing good and also a potential force for not good.” He went on to liken the development of AI to another big technological explosion, the rise of the internet, and how it was developed by people who for the most part weren’t interested in the ethical ramifications of their work: “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.” Schwarzman’s donation of 150 million pounds, or a little over $188 million in American dollars, will go towards establishing a new institute devoted to ethical issues in AI, as well as a new center for all of Oxford’s humanities subjects at one location, so as to encourage more collaboration between disciplines. Louise Richardson, Oxford’s vice chancellor, enthusiastically says that the donation represents “a significant endorsement of the value of the humanities in the 21st century.”