MIT Plans $1-Billion Project to Develop Artificial Intelligence — and to Tackle Challenges the Technology Will Create - The Chronicle of Higher Education

The Massachusetts Institute of Technology announced on Monday that it would spend $1 billion on a new college within MIT to study artificial intelligence.

Artificial intelligence, or machine learning, involves the development of software that, just like the human brain, takes in data, weighs it, makes a decision, and, often, takes action, all without human intervention.