U.S. CEO hands Oxford University $189 million for AI ethics studies

LONDON - An American billionaire has given Oxford University £150 million ($188.6 million) for a new institute that will study the ethical implications of artificial intelligence and its vast potential to change society as we know it. The donation from Stephen Schwarzman, CEO of the private equity firm Blackstone, will also fund a center to house all of the university's humanities subjects in a single space to encourage collaborative study. The idea is to bring together those working on projects that make life worth living with those trying to make sure that the technology of the future works for the interest of society. "AI can be an enormous force for good," Schwarzman told The Associated Press. "But on the downside it can lead to high unemployment. It could destabilize society if it happens too fast."