This is from an article in the Guardian reporting on the donation, which is among the top 5 largest that Oxford has ever received:
"My view is that while we may be distracted by today's credit crunch, we must not forget the bigger picture," he said.
"We need to safeguard a future for the generations that follow us. We urgently have to work towards solutions to critical global challenges like climate change, world population growth and the impact of the singularity in computing."
Singularity is when machines surpass human intellect.
"That's why I want to inspire further financial support and new kinds of collaboration with my offer of matching funds," Martin said.
John Hood, the vice-chancellor of Oxford, said Martin's generosity showed that "despite the global economic downturn, there are philanthropists willing to support the world's leading universities".
I do hope that he inspires further financial support for Singularity efforts, and not just at Oxford!