Indiana University receives $60M donation, its 2nd largest private gift in history

An Indiana University alumnus has given $60 million to Indiana University for the creation of an artificial intelligence center. It is the second largest private gift in the university's history.

The historic donation came from Fred Luddy, an IU alumnus and the founder of ServiceNow, a Silicon Valley-based information technology business that Forbes recently named the world's most innovative company, according to a news release.

Luddy's donation will be used to construct a new building to house a center focused on AI. The center will be called the Luddy Center for Artificial Intelligence and will fall under the university's School of Informatics, Computing and Engineering in Bloomington.

That school now has a new name: the Luddy School of Informatics, Computing and Engineering.

Read more: https://www.indystar.com/story/news/education/2019/10/18/indiana-university-create-artificial-intelligence-center/4021216002/