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The Broad Institute of MIT and Harvard is launching a new, $300 million initiative that applies advanced computer science to some of the hardest problems in medicine — an endeavor it said could uncover new ways to fight cancer, infectious disease, and other illness.

The Cambridge research center early Thursday announced the creation of the Eric and Wendy Schmidt Center, named for the former Google chief executive and his wife, who are major funders of the effort.

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The money comes as biological and medical researchers are unlocking information about the human body at a scale that could take lifetimes to analyze and fully understand, without the help of sophisticated artificial intelligence software. The institute hopes that by focusing its resources and expertise on developing and improving these programs, it will be able to spot patterns and unlock some of the basic mysteries of the human body.

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