Stephen Schwarzman, a US private equity billionaire who has advised Republican presidents including Donald Trump, has given the university £150m.

A new building for the study of humanities will house the institute.

The UK government said it was a "globally significant" investment in Britain.

At a time when universities face uncertainty over research funding because of Brexit, this is a major financial coup for the University of Oxford.

Mr Schwarzman, the chief executive of the private equity firm Blackstone, is one of America's best known billionaires.

In the past, his lavish lifestyle as a Wall Street financier has attracted criticism, but more recently he has also become a major donor to education.

Mr Schwarzman told the BBC he was giving the money to Oxford because artificial intelligence was the major issue of our age.

"At the moment, most governments are utterly unprepared to deal with this, and why would they be, it's a different type of technology," he said.

"They're going to have to rely on great universities like Oxford, and others around the world who specialise in helping them think this through."

The donation by Mr Schwarzman to Oxford follows a $350m (£279m) gift he made to the Massachusetts Institute of Technology (MIT) to establish a centre for computing and artificial intelligence.

Read more at: https://www.bbc.co.uk/news/education-48681893

A further maths A-level paper due to be sat by about 7,000 candidates on Thursday has been replaced following the leak of an earlier exam last week

Two questions from the Edexcel maths A-level paper were shared on social ahead of it being sat on Friday.

Pearson, the exam board's parent company, says it is replacing the latest paper and an unnamed centre is being investigated for the leak.

It described the move as "precautionary steps" to protect students.

Pearson said their investigation had revealed a package containing the further maths paper had been opened by an individual at the centre concerned. According to the company, there is no evidence to suggest the withdrawn test or any of its questions have been leaked but it is taking "precautionary steps" to safeguard the exam for the students.

Arrangements are being made to deliver the new further maths paper to all centres shortly before Thursday's exam - with the exception of the one being investigated.

For this centre, separate arrangements are being made to ensure its students can complete their exams.

Read more at: https://www.bbc.co.uk/news/education-48678004