IBM Announces US$2 Billion Investment in AI Campus, Hinting at Reentry into the Semiconductor Business

1Q 2019 | IN-5409
The AI Hardware Center at SUNY Polytechnic Institute campus in New York will focus on computer chip research, development, prototyping, testing, and simulation. The new center is being built in partnership with New York State, which hopes the center will attract new companies in the field of AI and create several hundred new jobs. The investment marks IBM focusing more on the hardware side of its business. It also shows IBM’s increased appetite to invest in human capital and to address one of the stickiest problems currently facing the AI community.

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