Techno-News Blog

February 21, 2019

IBM invests $2B for SUNY artificial intelligence hub

Filed under: Uncategorized — admin @ 12:15 am

Ben Unglesbee, Education Dive
IBM will invest $2 billion in its New York footprint that will help create an artificial intelligence (AI) research center at the SUNY Polytechnic Institute in Albany, New York, Gov. Andrew Cuomo announced last week. The new research hub, dubbed the AI Hardware Center, will focus on computer chip research, development, prototyping, testing and simulation. IBM also plans to expand and extend its partnership with SUNY’s Center for Semiconductor Research by at least two years and potentially through 2028. As part of the plan, IBM will donate $30 million in cash and in-kind contributions for AI research across the SUNY system, with SUNY matching up to $25 million. Empire State Development will provide a $300 million capital grant for SUNY to purchase, own and install tools necessary to support the AI Hardware Center.

https://www.educationdive.com/news/ibm-invests-2b-for-suny-artificial-intelligence-hub/548125/

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