In this articleNVDAFollow your favorite stocksCREATE FREE ACCOUNTMichael Dell, chairman and CEO of Dell Technologies, speaks during CNBC’s Invest In America Forum in Washington, April 15, 2026.Aaron Clamage | CNBCMichael and Susan Dell announced Tuesday that they have committed $750 million to the University of Texas at Austin that will fund the development of a new medical center and research campus. The billionaire CEO told CNBC that the new medical center, which will include a hospital and research facility, will use artificial intelligence and advanced computing to deliver earlier and more precise treatment for patients.”There are a lot of medical centers out there,” Dell said in an interview. “But what you get with the opportunity to build something new is that you can design it from the start with data and computing and AI built in. It allows you to make better decisions earlier and coordinate care more effectively and ultimately create better outcomes.”The university expects to break ground on Dell Medical Center later this year and open the facility in 2030. The new medical campus will also include a cancer center, which is already under development. The Dells’ donation will also go toward student scholarships and UT’s supercomputing center.A conceptual rendering of the UT Dell Campus for Advanced Research, which is expected to open in 2030.Courtesy: The University of Texas at AustinThe couple’s donation is one of the largest ever to an American public university. Dell founded his namesake technology firm from his dorm room at UT Austin in 1984 when he was a premed student. He dropped out of UT Austin before his sophomore year.”I think about this as the next step in a timeline that actually goes back to my parents sending me off to UT to become a doctor,” he said. “Obviously, that part didn’t work out, but I never stopped thinking about that.”With the latest commitment, the couple has contributed more than $1 billion in total to UT Austin, including a $50 million initial gift to establish Dell Medical School in 2013. Their foundation also gifted $25 million to establish Austin’s first pediatric hospital in 2007. Nvidia investor and billionaire Tench Coxe and his wife, Simone, both Austin residents, donated $100 million in January to the new academic medical center.Get Inside Wealth directly to your inboxThe Inside Wealth newsletter by Robert Frank is your weekly guide to high-net-worth investors and the industries that serve them.Subscribe here to get access today. Dell said he and his wife have stepped up their giving as Austin’s population has surged. The city’s metro area population has roughly doubled since 2000 and was last estimated at nearly 2.6 million people in 2024, according to data from the city. Investing in Austin’s health-care system means residents are able to seek care closer to home, Dell said.”My perspective on this is as a parent and as an employer. You know, years ago, if there was a health challenge, you didn’t actually stay in Austin. You went to Houston or Dallas,” he said. “And that’s becoming less and less true, and now …
