Content written and published by The Financial.

MBA News Digest Comment: None.

Extracted Content: Harvard Business School (HBS) announced today a $5 million gift from alumnus Stephen A. Schwarzman (MBA 1972), chairman, CEO, and co-founder of Blackstone, a multinational private equity alternative asset management and financial services firm, to support the development of case studies and other programming that explore the implications of artificial intelligence (AI) on industries, business, and markets. The Schwarzman Research Fund will spur and extend the efforts of HBS faculty members across a range of disciplines who are researching and writing case studies on the use of AI.

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