Blackstone mogul warned of 'urgent need' for AI preparedness—Now he’s turning his $48 billion fortune into a top philanthropic foundation | Fortune

Stephen Schwarzman, cofounder and CEO of Blackstone, is reportedly planning a significant expansion of his Stephen A. Schwarzman Foundation to establish one of the world's largest philanthropic organizations, focusing heavily on artificial intelligence and education preparedness. Schwarzman, who signed the Giving Pledge, stated he saw an "urgent need" to prepare society for the implications of AI advances. His foundation, which held $65 million in assets in 2024, is expected to receive a "substantial majority" of his estimated $47.8 billion fortune upon his death, potentially placing it among the largest foundations globally. This philanthropic focus follows earlier major gifts, such as his $350 million donation to MIT to launch the Schwarzman College of Computing.

(Source：Fortune)