This week the Governor announced that IBM would be investing $2 billion for artificial intelligence-focused computer chip research, development, prototyping, testing and simulation, growing its high-tech footprint on SUNY Poly campus. Empire State Development is expected to provide a $300 million capital grant over five years to support this endeavor.
Cuomo Said:
“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. Artificial intelligence 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.”
