Guyot Hall, 1909. Photo: Princeton Library Division of Rare Books and Special Collections

The future of American philanthropy, according to former Google CEO Eric Schmidt, is massive contributions to computer science education — and to artificial intelligence in particular.

Driving the news: Schmidt and his wife, Wendy, donated an unspecified amount to Princeton to create a single, large computer science building.

  • The context for the Schmidt donation was a $350 million contribution by Blackstone CEO Stephen Schwarzman for a new college at MIT focusing on the study of AI and computing.
  • "Steve's donation triggered an arms race among all the universities to match him. This is the next trend in philanthropy, in my view," Schmidt told me.

At Princeton, computer science has gone from a major that barely existed to the biggest on campus, the school said. It's spread over nine buildings with 44 full-time tenure-track faculty. The Schmidt donation will go to consolidate all that into a renovated building currently called Guyot Hall.

  • Gone will be the homage to Arnold Guyot, Princeton’s first professor of geology and geography (1854–1884), for whom the building has been named until now. (In a news release, Princeton said Guyot will be honored in a new environmental science space to be built elsewhere on the campus.)
  • The renovated building will be named the Eric and Wendy Schmidt Hall.

Go deeper

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9:45 p.m. ET: 19,282,972 — Total deaths: 718,851 — Total recoveries — 11,671,491Map.
  2. U.S.: Total confirmed cases as of 9:45 p.m. ET: 4,937,441 — Total deaths: 161,248 — Total recoveries: 1,623,870 — Total tests: 60,415,558Map.
  3. Politics: Trump says he's prepared to sign executive orders on coronavirus aid.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus — Massachusetts pauses reopening after uptick in coronavirus cases.
  6. World: Africa records over 1 million coronavirus cases — Gates Foundation puts $150 million behind coronavirus vaccine production.

Warren and Clinton to speak on same night of Democratic convention

(Photos: Abdulhamid Hosbas/Anadolu Agency via Getty Images, Sean Rayford/Getty Images)

Sen. Elizabeth Warren and Hillary Clinton both are slated to speak on the Wednesday of the Democratic convention — Aug. 19 — four sources familiar with the planning told Axios.

Why it matters: That's the same night Joe Biden's running mate (to be revealed next week) will address the nation. Clinton and Warren represent two of the most influential wise-women of Democratic politics with the potential to turn out millions of establishment and progressive voters in November.

Trump considering order on pre-existing condition protections, which already exist

Photo: Jim Watson/AFP via Getty Images

President Trump announced on Friday he will pursue an executive order requiring insurance companies to cover pre-existing conditions, something that is already law.

Why it matters: The Affordable Care Act already requires insurers to cover pre-existing conditions. The Trump administration is currently arguing in a case before the Supreme Court to strike down that very law — including its pre-existing condition protections.