Cuomo Says IBM to Invest $2 Billion in New York State, Including 'AI Hardware Center' -- Update
07 Febrero 2019 - 1:40PM
Noticias Dow Jones
(Adds details)
By Josh Beckerman
International Business Machines Corp. (IBM) plans to invest over
$2 billion in New York state, including an "AI Hardware Center" at
the Polytechnic Institute campus in Albany.
Gov. Andrew Cuomo said Thursday that IBM plans to provide at
least $30 million in cash and in-kind contributions for artificial
intelligence research across the SUNY system, with SUNY matching up
to $25 million for a combined total of $55 million.
Empire State Development will provide a $300 million capital
grant over five years, Mr. Cuomo said.
IBM has been a prominent company in upstate New York. It closed
a major plant in Kingston in 1995.
IBM's Watson AI system won a "Jeopardy!" television battle in
2011. It has unveiled AI products including a weather forecasting
tool called the Global High-Resolution Atmospheric Forecasting
System.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
February 07, 2019 14:25 ET (19:25 GMT)
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