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> Panasonic Professor of Robotics Emeritus at MIT

Can someone translate what that means? I'm struggling to read past that line, since I just can't wrap my head around what a "Panasonic Professor" is. Does that word refer to something other than the corporation in this context?

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I think it means it’s an endowed chair, where the endowment is provided by Panasonic.

It’s common for corporations or wealthy individuals to donate large amounts of money to fund prestigious academics.

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