Indiana University has received a $60 million gift from alumnus and information technology pioneer Fred Luddy to establish a multidisciplinary initiative in artificial intelligence.
The gift will fund the construction of a building, which will be the center of the initiative. It will also enable the creation of six endowed chairs, six endowed professorships and six endowed faculty fellowships, as well as graduate and undergraduate scholarships, including scholarships for high-achieving Hoosier students, to support the initiative.
The new Luddy Center for Artificial Intelligence will feature state-of-the-art teaching and learning spaces dedicated to IU faculty and students doing pioneering work in AI and machine learning.
The university did not disclose any construction timeline.