IBM to Invest $2bn in AI Hub in New York

Gov. Andrew Cuomo recently revealed plans by IBM to invest $2 billion in its new artificial intelligence (AI) research hub that will be located at the Albany, New York-based SUNY Polytechnic Institute. The new artificial intelligence research hub or AI Hardware Center is expected to concentrate on computer chip research, creation, prototyping, carrying out tests and simulation. Governor Andrew Cuomo claimed that the new center would help in attracting new entities in the federal research and artificial intelligence field as well as create numerous jobs. "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," Cuomo said in a statement. IBM also intends to extend and expand its collaboration with SUNY's Center for Semiconductor Research by a minimum of two years and possibly through 2028.