Billionaire Power Couple Give $75 Million for Canadian AI Push
- Schwartz, Reisman make record gift to University of Toronto
- Funds will be used to build complex to study tech and society
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Canada’s billionaire power couple, Gerald Schwartz and Heather Reisman, have donated C$100 million ($75 million) to the University of Toronto for an artificial intelligence complex.
The gift, from the duo behind private-equity firm Onex Corp. and Indigo Books & Music Inc., is the largest in the university’s history and biggest for Canada’s technology sector, said the academic institution. It will be used to build the Schwartz Reisman Innovation Centre starting this year.