The Massachusetts Institute of Technology is taking a particularly ambitious step, creating a new college backed by a planned investment of $1 billion. Two-thirds of the funds have already been raised, MIT said, in announcing the initiative on Monday. The college, called the MIT Stephen A. Schwarzman College of Computing, will create 50 new faculty positions and many more fellowships for graduate students. It is scheduled to begin in the fall semester next year, housed in other buildings before moving into its own new space in 2022.NY Times
