IBM to invest $2B into AI hardware efforts in New York: 3 notes

IBM plans to invest more than $2 billion to grow its artificial intelligence footprint in New York state, New York Governor Andrew Cuomo announced Feb. 7.

"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," Mr. Cuomo said in a news release.

Three notes:

1. IBM will invest in AI efforts at SUNY Polytechnic Institute's campus in Albany, N.Y., and other IBM facilities in the state. IBM plans to provide at least $30 million for AI research across the SUNY system, with SUNY matching up to $25 million.

2. A key part of the $2 billion commitment is an AI hardware center that IBM will open at the SUNY Polytechnic Institute's campus. The center will focus on research, development and testing related to computer chips used in AI.

3. IBM said the company expects the AI hardware center to attract new AI companies and federal researchers to the state, as well as foster economic development and create new jobs. The center will collaborate with various technology companies, including Samsung and Tokyo Electron Limited.

"Under the governor's leadership, our partnership with businesses continues to foster research breakthroughs and economic growth while working to combat everything from diseases and cancer to mitigating climate change," SUNY Chancellor Kristina Johnson, PhD, said. "Artificial intelligence is just one example of how SUNY is investing in new tech clusters to prepare our students for the good-paying jobs of tomorrow."

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Dr. Eric Topol: 10 potential AI applications for clinicians, hospitals

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