IBM is planning to invest over $2 billion to help establish an "AI Hardware Center" at the SUNY Polytechnic Institute campus in Albany, as well as boost its high-tech footprint throughout New York State. The Center will be set up for artificial intelligence-focused computer chip research, development, prototyping, testing and simulation, and help solidify the region as a global hub for research and development. "New York has always been at the forefront of emerging industries, and this private sector investment to create a hub for artificial intelligence research will attract world-class minds and drive economic growth in the region," Governor Cuomo said in a press release. "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 of developing innovative technologies." IBM's investment will be extend beyond SUNY Poly, where the company is a long-time anchor, to include other IBM facilities in New York State.