Chronicle of Philanthropy

Billionaire Stephen Schwarzman’s mega gift aims to develop ethically grounded AI leaders and accelerate America’s competitiveness. In 2018, ChatGPT was four years away and artificial intelligence was a wonky concern for tech and policy thinkers. But thanks to what billionaire financier Stephen Schwarzman saw on business trips to China, he was already worried about Chinese dominance of the technology and wanted to increase American competitiveness. He was also concerned about the potentially disastrous impact on the U.S. work force, economy, and national security.