This Center is likely to attract federal research projects and new companies while generating hundreds of jobs
IBM,the US tech giant has recently announced that it will develop a new center for artificial intelligence (AI) at SUNY-Polytechnic Institute in Albany, New York.It has also been reported that the IBM will spend over US$ 2 billion for expanding statewide activities .
The new AI Hardware Center will be dedicated to AI-focused computer chip research, development, testing, prototyping and simulation. The IT major is recruiting corporate collaborators on Fuller Road in Albany for the same. Technology industry majors like Samsung, Applied Materials and Tokyo Electron Limited have already signed on.
Andrew Mark Cuomo, governor of New York state,commented that New York has always been at the forefront of emerging industries, and this private sector investment to create a hub for AI research will attract world-class minds and drive economic growth in the region.
IBM will invest nearly US$ 30 million worth of cash and in-kind contributions for AI research across the SUNY system. This will be matched by US$ 25 million from SUNY. The New York state’s economic development agency – Empire State Development, will give US$ 300 million in the next five years to SUNY’s Research Foundation for purchasing and installing tools to support the AI Hardware Center.
Meanwhile, IBM will enhance its association with SUNY Polytechnic at the Center for Semiconductor Research in Albany and extend its expiry from 2021 to 2023.
Great potential and demand
Mukesh Khare, Vice President – Semiconductor and AI Hardware, IBM has remarked that AI holds great potential and demands great computing power-more than current technology can provide. Progress will require significant changes in the fundamentals of systems and computing design.
While generating hundreds of jobs in the state,the Center is likely to attract federal research projects.