IBM invests $2bn in New York center to give AI 1,000x boost

The tech giant is investing in the AI hub in partnership with the State of New York and several tech heavyweights, including Samsung, Mellanox Technologies and Synopsys


IBM has announced that it is investing $2bn in a New York AI research hub as part of its "master plan" to encourage innovation and growth in the emerging technology, with the aim to develop AI which can deliver 1,000x the current efficiency.

The IBM Research AI Hardware Center at the SUNY Polytechnic Institute campus in Albany, New York will have a focus on computer-chip research, development, prototyping, testing and simulation. IBM will use the center to work in collaboration with the State of New York and several heavyweight technology organizations including Samsung, Mellanox Technologies and Synopsys.

"Today, AI's ever-increasing sophistication is pushing the boundaries of the industry's existing hardware systems as users find more ways to incorporate various sources of data from the edge, internet of things, and more," commented Mukesh Khare, VP, IBM Research semiconductor and AI Hardware Group.

The legacy giant has claimed that its investment will be used to develop next generation AI silicon, networking and manufacturing that will deliver 1,000x the AI performance efficiency over the next decade.

On the investment, New York State Governor Andrew Cuomo remarked: "AI 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 developing innovative technologies."

He added that the center will be anticipated to create several hundred new jobs and attract new companies in the AI field.

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