BNY and Carnegie Mellon University Join Forces to Advance Research and Development in AI
BNY (NYSE: BK) and Carnegie Mellon University (CMU) have announced a $10 million, five-year partnership to establish the BNY AI Lab, focusing on artificial intelligence research and development. The collaboration will advance AI applications in financial services, emphasizing governance, trust, and accountability.
The partnership includes creating a dedicated space on CMU's Pittsburgh campus during the 2025-26 academic year, facilitating joint research, education projects, and talent recruitment. The initiative aims to strengthen Pittsburgh's position as a global AI hub while leveraging CMU's expertise in computer science and BNY's financial services experience.
BNY (NYSE: BK) e la Carnegie Mellon University (CMU) hanno annunciato una partnership quinquennale da 10 milioni di dollari per creare il BNY AI Lab, dedicato alla ricerca e allo sviluppo nell鈥檌ntelligenza artificiale. La collaborazione punta a far progredire le applicazioni IA nei servizi finanziari, con particolare attenzione a governance, fiducia e responsabilit脿.
L鈥檃ccordo prevede la realizzazione di uno spazio dedicato nel campus CMU di Pittsburgh durante l鈥檃nno accademico 2025-26, per favorire ricerca congiunta, progetti educativi e reclutamento di talenti. L鈥檌niziativa intende rafforzare la posizione di Pittsburgh come polo globale per l鈥橧A sfruttando l鈥檈sperienza informatica di CMU e le competenze finanziarie di BNY.
BNY (NYSE: BK) y la Carnegie Mellon University (CMU) han anunciado una alianza de cinco a帽os por 10 millones de d贸lares para crear el BNY AI Lab, centrado en la investigaci贸n y el desarrollo en inteligencia artificial. La colaboraci贸n promover谩 aplicaciones de IA en los servicios financieros, con 茅nfasis en gobernanza, confianza y responsabilidad.
La asociaci贸n contempla la creaci贸n de un espacio dedicado en el campus de CMU en Pittsburgh durante el curso 2025-26, facilitando la investigaci贸n conjunta, proyectos educativos y la captaci贸n de talento. La iniciativa busca reforzar la posici贸n de Pittsburgh como un centro global de IA aprovechando la experiencia en inform谩tica de CMU y el conocimiento financiero de BNY.
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BNY (NYSE: BK) et la Carnegie Mellon University (CMU) ont annonc茅 un partenariat de cinq ans de 10 millions de dollars pour cr茅er le BNY AI Lab, d茅di茅 脿 la recherche et au d茅veloppement en intelligence artificielle. Cette collaboration visera 脿 d茅velopper les applications de l鈥橧A dans les services financiers, en mettant l鈥檃ccent sur la gouvernance, la confiance et la responsabilit茅.
Le partenariat pr茅voit la cr茅ation d鈥檜n espace d茅di茅 sur le campus de CMU 脿 Pittsburgh durant l鈥檃nn茅e universitaire 2025-26, facilitant la recherche conjointe, des projets 茅ducatifs et le recrutement de talents. L鈥檌nitiative entend renforcer la position de Pittsburgh comme p么le mondial de l鈥橧A en tirant parti de l鈥檈xpertise en informatique de CMU et de l鈥檈xp茅rience financi猫re de BNY.
BNY (NYSE: BK) und die Carnegie Mellon University (CMU) haben eine f眉nfj盲hrige Partnerschaft im Umfang von 10 Millionen US-Dollar angek眉ndigt, um das BNY AI Lab zu gr眉nden, das sich auf Forschung und Entwicklung im Bereich K眉nstliche Intelligenz konzentriert. Die Zusammenarbeit soll KI-Anwendungen im Finanzwesen vorantreiben und legt dabei besonderen Wert auf Governance, Vertrauen und Rechenschaftspflicht.
Die Partnerschaft sieht die Einrichtung eines eigenen Raums auf dem CMU-Campus in Pittsburgh im Studienjahr 2025鈥�26 vor, um gemeinsame Forschung, Bildungsprojekte und Talentgewinnung zu erm枚glichen. Ziel der Initiative ist es, Pittsburgh als globalen KI-Standort zu st盲rken und dabei CMUs Computerwissenschaftsexpertise sowie BNYs Finanzkompetenz zu nutzen.
- Strategic $10 million investment in AI research and development
- Access to CMU's top-ranked AI and computer science expertise
- Dedicated research facility on CMU campus strengthening BNY's AI capabilities
- Enhanced talent pipeline through direct access to CMU graduates
- Significant financial commitment with long-term ROI uncertainty
- Potential challenges in translating academic research into practical applications
Insights
BNY's $10M CMU partnership strengthens AI capabilities in financial services, potentially boosting long-term competitive advantage with minimal near-term financial impact.
BNY's
The financial commitment, while substantial for academic research, is relatively modest for a company of BNY's size (less than
Particularly noteworthy is BNY's existing position as the largest employer of graduates from CMU's specialized AI program, indicating this partnership formalizes and expands an already successful talent acquisition strategy. The dedicated campus space further cements this relationship, creating an environment where BNY employees can directly collaborate with researchers and students.
For investors, this represents a forward-looking investment in capabilities that address the complex challenges of AI implementation in highly regulated financial services. While unlikely to impact near-term financial performance, the partnership positions BNY to develop proprietary frameworks for responsible AI deployment鈥攑otentially creating sustainable competitive advantages in an increasingly AI-driven financial ecosystem.
The research collaboration, known as the BNY AI Lab, will focus on developing technologies and frameworks that can ensure the robust governance, trust and accountability required to deploy mission-critical AI applications, including those powering financial services. Drawing on the expertise of Carnegie Mellon's top-ranked programs in computer science, AI and business, the lab will work with BNY to advance both theoretical and applied AI. Additionally, BNY will support cross-disciplinary courses and talent recruitment across all CMU schools and colleges.
As part of the agreement, a dedicated space will be created on聽CMU's
"As AI drives productivity, unlocks growth and transforms industries,
By combining CMU's leadership in AI research with BNY's scale and expertise as one of the world's largest financial institutions, the collaboration seeks to accelerate the path from research to scalable practices, ensuring AI delivers measurable benefits for clients, institutions and the broader financial ecosystem.
"Artificial Intelligence has emerged as one of the single most important intellectual developments of our time, and it is rapidly expanding into every sector of our economy," said Farnam Jahanian, President of Carnegie Mellon.聽"Carnegie Mellon University is thrilled to collaborate with BNY 鈥� a global financial services powerhouse 鈥� to responsibly develop and scale emerging AI technologies and democratize their impact for the benefit of industry and society at large."聽
Once in motion, the alliance will aim to realize progress on a number of fronts, including: strengthening
About BNY
BNY is a global financial services company that helps make money work for the world 鈥� managing it, moving it and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over
About Carnegie聽Mellon University
Carnegie Mellon,聽, is a private, internationally ranked research university with acclaimed programs spanning the sciences, engineering, technology, business, public policy, humanities and the arts. Our diverse community of scholars, researchers, creators and innovators is driven to make real-world impacts that benefit people across the globe. With an unconventional, interdisciplinary and entrepreneurial approach, we do the work that matters.
Media Contacts
BNY
Ryan Wells
+1 646-648-3887
[email protected]
CMU
Cassia Crogan
+1 412-628-2902
[email protected]
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