MIT announces new $1 billion dollar “College of Computing”

Yesterday MIT (Massachusetts Institute of Technology) announced that they will be launching a new college of computing dedicated to computer science, data science, and artificial intelligence.
The university is contributing $1 billion dollars to the new school after a $350 million dollar donation from Stephen A. Schwarzman for naming rights.
The new college is expected to open in the fall of next year, while the new building for the school is set to open in 2022.