Meet Mark Stevens: The billionaire VC, Nvidia board member, and Giving Pledge signer who just donated $200 million to USC to help with the AI race | Fortune
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Meet Mark Stevens: The billionaire VC, Nvidia board member, and Giving Pledge signer who just donated $200 million to USC to help with the AI race | Fortune
"As a top destination for AI talent, USC can accelerate our mission of educating future leaders, addressing real-world problems, and enhancing human values and agency. The $200 million donation will fund the recruitment of AI researchers and back work spanning health sciences, security, business, and the arts."
"We know the next great universities will be those that invest in computing. This is a key moment. Stevens, who is also a USC alum, emphasized the strategic importance of computing investment for universities seeking to maintain competitive advantage in the evolving technological landscape."
"Stevens, 66, earned his bachelor's degree in electrical engineering and economics from USC in 1981 and a master's in computer engineering from the school in 1984. He joined Sequoia Capital in 1989 and became a partner in 1993, leading Sequoia's investment in Nvidia, now valued at $5 trillion."
USC received a $200 million donation from billionaire venture capitalist Mark Stevens and his wife Mary to launch a university-wide artificial intelligence initiative. This represents one of the largest gifts in USC's 146-year history. The donation will fund recruitment of AI researchers and support research across health sciences, security, business, and the arts. In recognition, USC's School of Advanced Computing will be renamed the USC Mark and Mary Stevens School of Computing and Artificial Intelligence. Stevens, an electrical engineering and economics graduate from USC, is a prominent venture capitalist, Nvidia board member, and Giving Pledge signer. The donation reflects the competitive landscape among top universities seeking resources to advance AI research and education.
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