Hedge fund CEO Ken Griffin gives record $3B to Carnegie Mellon to build Miami campus

Carnegie Mellon University announced a record $3 billion donation from hedge fund CEO Ken Griffin. The majority of the funds, $2 billion, will be used to construct a new 35-acre campus in Miami focused on addressing 'grand challenge areas' such as human health, national security, and climate resilience. Construction is slated to begin next year, with the campus expected to enroll approximately 3,500 students.