MIT plans to set up a college for AI

 The Massachusetts Institute of Technology is taking a particularly ambitious step, creating a new college backed by a planned investment of $1 billion. Two-thirds of the funds have already been raised, MIT said, in announcing the initiative on Monday.

The college, called the MIT Stephen A. Schwarzman College of Computing, will create 50 new faculty positions and many more fellowships for graduate students. It is scheduled to begin in the fall semester next year.

 Source: THE HINDU-16th October,2018