The center will be named the Eric and Wendy Schmidt Center and is funded by a $ 150 million endowment gift from the Schmidts. In recognition of Schmidts ‘gift, the Broad Foundation will provide an additional $ 150 million to the Broad Institute’ s general endowment, the institute said in a statement.
Two recent revolutions have spurred the creation of the Schmidt Center: the exponential growth and widespread transformation of data technologies such as machine learning and cloud computing, and the remarkable advances in generating large amounts of data about living systems through the DNA sequence. next-generation, single-cell genomics, and advanced medical imaging.
Two areas on which the center will focus are “production learning,” which extracts a basic structure from data sources, and “causal decision-making,” which helps in prediction. how changing specific variables affects an entire data set.
The center will partner with Broad’s existing work, such as the Broad Modeling, Decision & Algorithms Initiative and the cross-institutional Learning for Health effort, with the aim of shared to allow a global and collaborative ecosystem to capture this new thing. field. The center will also forge new collaborations with other organizations as well as pharmaceutical and technology companies.
Eric and Wendy Schmidt have been active philanthropists since 2006, when they began on the basis of their names to tackle global climate change through donations and the impact of investments in renewable energy, sustainable agriculture , human rights and marine technology.
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