New York Governor Kathy Hochul Announces $20M Ualbany, IBM Joint Investment To Support Center For Emerging Artificial Intelligence Systems
Portfolio Pulse from Benzinga Newsdesk
New York Governor Kathy Hochul has announced a joint investment of $20 million by UAlbany and IBM to support the Center for Emerging Artificial Intelligence Systems. This initiative is expected to boost the development and application of AI technologies.
October 16, 2023 | 6:56 pm
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IBM's joint investment with UAlbany in AI development could enhance its technological capabilities and potentially boost its market position.
IBM's investment in AI development indicates a strategic move to enhance its technological capabilities. This could potentially lead to the development of new products and services, thereby strengthening its market position. As a result, this news could have a positive impact on IBM's stock in the short term.
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