IBM Invests $2 Billion for AI Research Hub SUNY Polytechnic Institute Campus in Albany

IBM will provide $2 Billion into a new AI (Artificial Intelligence) research hub at SUNY Polytechnic Institute in Albany. It will focus on computer-chip research, development, prototyping, testing and simulation. Governor Cuomo said at the announcement of this investment in partnership with New York State that the Center will attract new companies in the AI field and federal research and create several hundred new jobs. Furthermore, Governor Cuomo said “Artificial intelligence has the potential to transform how we live and how businesses operate, and this partnership with IBM will help ensure New York continues to be on the cutting edge developing innovative technologies.”

The International Business Machines Corp., based in Armonk, NY, has been pushing into fast growing new technologies, like AI, cloud-computing platforms and analytics to spur growth and shift away from its legacy business such as mainframe computers.

IBM also plans to expand and extend its partnership with SUNY Poly for the Center for Semiconductor Research, which is set to expire at the end of 2021.