Computer software company Cadence Design Systems has established the Cadence Design Systems Professorship Fund for the Massachusetts Institute of Technology Stephen A Schwarzman College of Computing.
The $5 million fund will enable the college to establish a full professorship for an individual with research and teaching interests in the fields of artificial intelligence, machine learning (ML) or data analytics.
Lip-Bu Tan, chief executive of Cadence, said: “We’re delighted to support MIT’s efforts to advance innovation in the exciting fields of AI, ML and data analytics. These transformative technologies are key to the computational software industry and Cadence, and we look forward to enabling the acceleration of MIT’s groundbreaking research in these areas. I was very fortunate to have obtained my master of science degree in nuclear engineering from MIT where I focused my studies on system simulation analysis, so this endowment is very personal to me.”
Daniel Huttenlocher, dean of the MIT Schwarzman College of Computing, added: “Scholars within the MIT Schwarzman College of Computing are at the forefront of computing research and education. Cadence’s generous gift is providing vital new resources for the college in supporting these faculty as they deliver the latest advances in computing and AI.”
Cadence Design Systems is headquartered in San Jose California.
Date published: 4 February 2021