The Massachusetts Institute of Technology (MIT) today announced a $1 billion initiative to reshape how the college operates and make artificial intelligence a part of its curriculum for all students. The shakeup is being made, MIT president L. Rafael Reif said, to "prepare students of today for the world of the future" and represents the biggest change to curriculum at the school since the 1950s. The effort will be spearheaded by a $350 million donation from from Blackstone investment firm CEO Stephen Schwarzman. An additional $300 million has been raised for the $1 billion project. The Stephen A. Schwarzman College of Computing will work on incorporating computing and AI into all fields of study at MIT, encouraging cross-disciplinary endeavors, and exploring ways to create a shared structure between the university's five existing schools.