Stephen A. Schwarzman Foundation’s $350 Million Donation to M.I.T. to Fund Computing and Artificial Intelligence College

Simpson Thacher represented Blackstone Chairman and CEO Stephen A. Schwarzman’s foundation in connection with the foundation’s $350 million gift to the Massachusetts Institute of Technology.

The gift is a portion of a $1 billion investment to establish a college for computing and artificial intelligence. The college, called the M.I.T. Stephen A. Schwarzman College of Computing, will address the global opportunities and challenges presented by the prevalence of computing and the rise of artificial intelligence.

The Simpson Thacher team includes David Shevlin (Picture), Jennifer Franklin and Maura Whelan.

Involved fees earner: David Shevlin – Simpson Thacher & Bartlett; Jennifer Franklin – Simpson Thacher & Bartlett; Maura Whelan – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Stephen A. Schwarzman Foundation;

Author: Ambrogio Visconti