University of Maryland, Capital One announce data analytics and machine learning partnership

University of Maryland and Capital One on Tuesday announced a partnership to develop a workforce pipeline in data analytics, machine learning and cybersecurity. Capital One is investing $3 million through an endowment gift to advance machine learning and the two plan to create an innovation lab where students will apply classroom lessons to real-world problems. "This partnership will not only help attract and retain top faculty and students, but will also propel UMD to national prominence and excellence in these critically important fields," said Mary Ann Rankin, senior vice president and provost at University of Maryland. Just over $2 million of Capital One's gift will be used to endow a faculty chair in the department of computer science. The remaining $900,000 will support research and educational initiatives in machine learning, data analytics and cyber security.