Billionaire Mark Cuban gave alma mater Indiana University $5 million to establish new state-of-the-art center that will explore emerging technology.

"As Mark Cuban looked for ways to help the Dallas Mavericks gain a competitive advantage in the NBA, the Indiana University graduate thought his alma mater should get in on the ground floor. On Friday, the school announced that Cuban had made a $5 million donation for a state-of-the-art technology center that will benefit students, fans and, of course, his beloved Hoosiers. Athletic director Fred Glass said the Mark Cuban Center for Sports Media and Technology will be built inside the renovated Assembly Hall, home of Indiana's basketball program, and will give the Hoosiers the distinction of being the first school in the country to use 3-D multi-camera technology and virtual reality, with Cuban saying some of the technology is not yet available commercially." -- Associated Press via