# Mark Stevens, a billionaire venture capitalist, and his wife, Mary, are donating an eye-popping $200 million to launch a universitywide AI initiative.

*genai · news · 2026-05-07 · Fortune*

## Key points

- Mark and Mary Stevens donated $200 million to USC to launch a universitywide AI initiative.
- USC's School of Advanced Computing will be renamed the USC Mark and Mary Stevens School of Computing and Artificial Intelligence.
- The donation will support AI research across health sciences, security, business, arts, and recruitment of faculty.
- Funds will expand USC’s neuroimaging work and its Army-affiliated Institute for Creative Technologies’ AI efforts.
- Stevens warned that universities risk falling behind as AI research shifts to private industry.

**Companies:** Nvidia
**Countries:** United States

[Read the full story on Fortune](https://fortune.com/2026/05/07/mark-stevens-usc-200-million-ai-donation-nvidia-sequoia/)

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