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Michael and Susan Dell announced Tuesday that they have committed $750 million to the University of Texas at Austin that will fund the development of a new medical center and research campus.
The billionaire CEO told CNBC that the new medical center, which will include a hospital and research facility, will use artificial intelligence and advanced computing to deliver earlier and more precise treatment for patients.
“There are a lot of medical centers out there,” Dell said in an interview. “But what you get with the opportunity to build something new is that you can design it from the start with data and computing and AI built in. It allows you to make better decisions earlier and coordinate care more effectively and ultimately create better outcomes.”
The university expects to break ground on Dell Medical Center later this year and open the facility in 2030. The new medical campus will also include a cancer center, which is already under development. The Dells’ donation will also go toward student scholarships and UT’s supercomputing center.
