Arizona State University reports that the university has passed $1 billion in annual research funding for the first time, which is leading to advances in dementia care, cancer detection, AI, and more.
The $1.003 billion amount for fiscal year 2024, an eightfold increase in expenditures since 2002, ranks ASU 37th overall and No. 21 among public universities.
ASU also ranked No. 5 among institutions without a medical school. The university’s John Shufeldt School of Medicine and Medical Engineering in downtown Phoenix will welcome its first class later this year.