00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Hedge fund titan Ken Griffin is donating $2 billion to establish a new Carnegie Mellon
00:07University campus in Miami's Wynwood neighborhood, according to the Wall Street Journal.
00:11The 35-acre campus will focus on technology and innovation and is expected to eventually
00:16serve more than 3,500 students, 300 faculty, and 600 staff members.
00:21Griffin is also giving $1 billion to Carnegie Mellon's main Pittsburgh campus.
00:25The combined $3 billion donation is the largest individual gift toward higher education,
00:30according to the university.
00:32Construction on the Miami campus is expected to begin in 2027, with the first students
00:37enrolling in 2028.
00:38Programs will focus on areas including artificial intelligence, health, national security, energy,
00:43climate resilience, and advanced manufacturing.
00:45For all things money, visit Benzinga.com.
