IBM plans $2 billion investment in New York state for AI research hub

The AI Hardware Center in Albany, New York, would concentrate on computer-chip research, testing, simulation, prototyping, and development.

Tech giant IBM has reportedly announced that it has invested USD 2 billion into a new AI research center in New York State. As per trusted sources, the investment is in line with the company’s strategy to boost growth from innovative technologies.

Reportedly, the AI Hardware Center at the SUNY Polytechnic Institute campus in Albany, New York, would concentrate on computer-chip research, testing, simulation, prototyping, and development.

New York Governor Andrew Cuomo reportedly commented that the research center would attract new firms in the federal research and AI field and create hundreds of new jobs. Cuomo further added that AI has the capacity to transform the way businesses operate and the new collaboration with IBM would assist New York in sustain its leader position in developing innovative technologies.

Vice President of Semiconductor and AI Hardware at IBM Research, Mukesh Khare was reportedly quoted saying that the company is pushing the boundaries of AI faster as it will transform the world in dramatic ways and benefit society in the upcoming years. IBM is building a global hub of AI hardware research by expanding its partnership with New York State. The resultant global hub would be equipped with an ecosystem to incubate, innovate, and lead the development of disruptive technologies, Khare further added.

According to a press release issued by IBM, the New York State would team up with Rensselaer Polytechnic Institute (RPI). The new research center is further anticipated to collaborate with an increasing number of other tech firms, with initial partners including Tokyo Electron Limited, Samsung, and Applied Materials, cited reliable sources.

IBM further plans to expand its collaboration with SUNY Poly for the Center for Semiconductor Research, which is due to expire at the end of the year 2021.