Netflix’s Hastings Gives $50 Million to Bowdoin for AI Program

Billionaire Reed Hastings, co-founder of Netflix Inc., is donating $50 million to his alma mater Bowdoin College, one of the richest US liberal-arts colleges, to create an initiative for artificial intelligence and humanity.

The gift — the largest since the Maine college was founded in 1794 — won’t develop AI technology but rather will be used to provide “a step forward in higher education’s growing role to provide ethical frameworks for technology and will ensure that Bowdoin students graduate well-prepared to lead in a world reshaped by AI,” the school said in a statement Monday.