AI Research Investment at Fordham
In a significant move to advance research in artificial intelligence (AI) and its applications, Fordham University has announced the establishment of a new fund, the Zangari Family Faculty Research and Innovation Fund. This initiative is made possible by a generous donation from finance executive and Fordham alumnus Peter Zangari, Ph.D., who is dedicated to fostering AI research, particularly in the fields of finance and economics.
The fund aims to support faculty-led AI research projects, many of which will involve students, thereby enhancing experiential learning and providing valuable opportunities leading to internships and job placements. Zangari emphasizes that the research will have a widespread impact across various sectors, including health care and education, which reflects a thoughtful vision for sustained societal benefit.
With a total commitment of $1 million from Peter and Jennifer Zangari over the coming years, the fund will focus on interdisciplinary AI research, encompassing finance, asset management, and data science. This initiative is viewed as vital seed funding for the forthcoming Transdisciplinary Research Incubator that Fordham intends to launch. Tania Tetlow, president of Fordham, noted that the incubator will unite experts across disciplines to tackle critical research inquiries aligned with the University’s strategic objectives.
“Investing in research and innovation is crucial for addressing contemporary challenges. It is heartening to have an alumnus exhibit such generosity towards our institution,” said Tetlow. “Zangari’s commitment will not only aid faculty but also ensure students develop into ethical leaders in the AI landscape.”
Peter Zangari’s background, enriched with degrees from Fordham and Rutgers, positions him uniquely to contribute to this initiative. His extensive experience spans management, investment, and fintech, making him a valuable link between academia and industry. Zangari, who is currently teaching a course at Fordham on AI in financial markets, has previously supported the economics department with gifts, including a graduate research fellowship aimed at elevating student research opportunities.
As a partner at MDOTM, a financial technology firm specializing in AI-driven investment, Zangari envisions the fund cultivating connections between industry partners and Fordham’s academic community, facilitating internships and networking opportunities that position Fordham as a talent hub in AI.
The role of AI in accelerating innovation and collaboration within academia is also noted by Zangari. He argues that the rapid advancements enabled by AI can streamline workflows, significantly reducing project timelines that traditionally span years. This shift allows scholars to not only identify and address solutions more effectively but also encourages proactive problem identification.
Overall, the establishment of the Zangari Family Faculty Research and Innovation Fund signifies a pivotal advancement for Fordham University, promising to enrich academic pursuits while simultaneously benefiting the broader community through enhanced research capabilities and talent development.