IIT Delhi alumnus gifts $10 million to alma mater

Aim to create state-of-the-art labs, attract talented students to School of Artificial Intelligence

Alumnus of the Indian Institute of Technology Delhi, Anant Yardi, has gifted $10 million to his alma mater to create state-of-the art laboratories and attract talented students and researchers to its newly established School of Artificial Intelligence (ScAI). Based in North America, Mr. Yardi is the founder of Yardi Systems which provides real estate asset and property management solutions. He made the announcement on the eve of the institute’s 52nd Convocation and said he was pleased to contribute to the School of Artificial Intelligence and help IIT Delhi continue its outstanding work in the field of academics and engineering.

“Artificial Intelligence technologies are driving global transformations, and playing a pivotal role in industrial, social and environmental change. We look forward to the ScAI strengthening education and research in AI, Machine Learning and Data Science, to enable commercial and societal applications,” Mr. Yardi said.

Speaking about the five years he spent at the institute, Mr. Yardi said the learning he received during his time at IIT Delhi had lasted a lifetime.