University of Texas at Austin receives $750 million donation from Michael and Susan Dell
AP News • • business
Key Points:
- Billionaires Michael and Susan Dell have donated $750 million to the University of Texas at Austin to establish the UT Dell Medical Center, an AI-native hospital set to open in 2030 on a new advanced research campus.
- The medical center aims to integrate artificial intelligence from the ground up to enhance patient care and streamline health services, collaborating with MD Anderson Cancer Center for specialized treatments.
- This donation pushes the Dells' total contributions to the University of Texas system over $1 billion, marking the largest individual gift in its history and supporting scholarships, student housing, and advanced computing infrastructure.
- The gift arrives amid declining public funding for higher education and aims to inspire further philanthropy, as UT-Austin launches a broader $10 billion fundraising campaign over the next decade.
- Michael Dell emphasized responsible AI use in healthcare to improve equity and outcomes, while also highlighting their previous $6.25 billion pledge for "Trump Accounts," investment funds for American children to encourage college attendance and economic opportunity.
