The AI Hardware Center is likely to attract federal research projects and new companies while generating hundreds of jobs in New York state
American IT giant IBM announced that it will create a new center, devoted to the research in artificial intelligence (AI), at SUNY-Polytechnic Institute in Albany, New York. The company will spend over US$ 2 billion for expanding its activities statewide.
The new AI Hardware Center will be dedicated to AI-focused computer chip research, development, testing, prototyping and simulation. For the venture, the IT major is recruiting corporate collaborators on Fuller Road in Albany. In addition, technology industry majors Samsung, Applied Materials and Tokyo Electron Limited have already signed on.
Commenting on the development, Andrew Mark Cuomo, governor of New York state, said, “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 offer 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.
In the meantime, IBM will enhance its association with SUNY Polytechnic at the Center for Semiconductor Research in Albany and extend its expiry from 2021 to 2023.
The Center is likely to attract federal research projects and new companies while generating hundreds of jobs in the state.
Great potential and demand
“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,” Mukesh Khare, Vice President – Semiconductor and AI Hardware, IBM, said in a company blog post.
“The IBM Research AI Hardware Center will be the nucleus of a new ecosystem of research and commercial partners collaborating with IBM researchers to further accelerate the development of AI-optimized hardware innovations,” Khare added.