MIT will create a new college with courses combining AI, machine learning, and data science with other academic disciplines. With $1 billion in funding, this will be the largest financial investment in AI by any US academic institution. The new college will have 50 new faculty positions and numerous fellowships for graduate students. The school will open next September, starting initially in other buildings until around 2022, when the new college is slated to get its own space. Rafael Reif, the president of MIT, said that the new approach to college education was necessary due to the way computing and…

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