Connect With Us

Inside INdiana Business
Subscribe Now Log In
  • Home
  • News
    • Education
    • Health
    • Tech
    • STEM
    • Advanced Manufacturing & Logistics
    • Life Sciences
    • Ag INnovation
    • INPower
  • Videos
  • Big Wigs
    • Submit Big Wigs
  • Events
    • Engage Southwest Indiana – Evansville
    • Engage Northwest Indiana – Valparaiso
    • Engage Greater Lafayette – West Lafayette
    • Engage West Central Indiana – Terre Haute
    • Engage South Bend – Elkhart
    • Engage Northeast Indiana – Fort Wayne
    • Engage Central Indiana – Indianapolis
  • Newsletters
  • Podcasts
  • On-Air
    • TV & Radio Listings
  • Contact
    • About IIB
    • Meet the Team
    • Contact Us
    • Advertise
    • Gift Cards
    • Flagship Stations
    • Gerry’s Message
    • Speaking Engagement Request

Connect With Us

$60M Gift to Fund AI Center

Friday, October 18, 2019 03:54 PM EDT Updated: Monday, October 21, 2019 09:41 AM EDT
By Wes Mills
$60M Gift to Fund AI Center The IU School of Informatics

An Indiana University alumnus who founded the information technology firm ServiceNow has given his alma mater $60 million to establish an artificial intelligence center.

The university says the gift from cloud-computing pioneer Fred Luddy is the second largest in school history.

Fifteen years ago, he founded ServiceNow and served as chief executive officer until 2011. His technology delivers cloud-based, automated IT help desk services.

"It is the imagination and determination of people that drive technology that makes an impact in real lives,” says Luddy.

The university says the donation will be used to construct a new building to house a center focused on AI. The center will be called the Luddy Center for Artificial Intelligence which will a part of the just-renamed Luddy School of Informatics, Computing and Engineering in Bloomington.

The gift will also fund the creation of six endowed chairs, six endowed professorships and six endowed faculty fellowships, as well as countless scholarships.

IU says the goal is to accelerate the progress of the school as one of the best of its kind in the world.

"Fred is an outstanding technology visionary and innovator who understands deeply the enormous impact that AI, machine learning and related areas are having and will have on society,” said IU President Michael McRobbie. “We are extremely grateful for his willingness to support a major initiative in this area at IU.”

The facility will feature state-of-the-art teaching and learning spaces dedicated to supporting IU faculty and students doing pioneering work in AI and machine learning.

“My path has been shaped by the people who inspire me, who guide me to pursue the next innovation with the potential to transform everything,” says Luddy.

IU says ServiceNow was recognized by Forbes as one of the world’s most innovative companies. The company employs 3,500 people and has a market value of more than $15 billion.

Story Continues Below

Most Popular Stories

  • Notre Dame’s Raclin Murphy Museum of Art plans for opening weekend

  • $17M secured for senior housing project in Fort Wayne

  • Southern Indiana visitor center moving locations

  • $50k lottery payout to man with ripped-up winning ticket approved

  • Madison hotel earns ‘Historic Hotel’ designation

  • New owner sought for historic Attica property

Perspectives

See the unseen: The silent crisis of youth homelessness in central Indiana

See the unseen: The silent crisis of youth homelessness in central Indiana

It is a startling fact that an estimated 7,800 youth experience homelessness in our city every year. These aren't just statistics; they represent the lives of young people, each with a story, a dream, and the potential to thrive if given the opportunity. The shock factor lies in the magnitude of this issue – the magnitude of despair, isolation, and uncertainty that thousands of our city's youth grapple with daily....

Inside INdiana Business

Inside INdiana Business
A division of IBJ Media

1 Monument Circle, Suite 300
Indianapolis, IN 46204

PHONE: (317) 634-6200

FAX: (317) 263-5060

NEWSLETTER@IIBNEWS.COM

  • Home
  • News
  • Videos
  • Gerry Dick
  • Newsletters
  • On-Air
  • Contact

Copyright © 2023 All Rights Reserved Privacy Policy | Terms of Service