Why Blackstone's Stephen Schwarzman is investing in artificial intelligence

7:06 AM ET Thu, 28 Feb 2019

Stephen Schwarzman, chairman, CEO, co-founder of The Blackstone Group, and MIT President L. Rafael Reif sit down with CNBC's Becky Quick at the launch of the M.I.T Schwarzman College of Computing launch. The interview touches on why Schwarzman decided to invest in artificial intelligence and how President Reif plans to use the $1 billion commitment to advance computing.