Summary:
IBM launches watsonx AI Labs in NYC to accelerate AI innovation and adoption
The lab will co-create generative AI solutions with clients and nurture local talent
NYC's AI ecosystem includes 2,000 startups and $27 billion in funding since 2019
IBM acquires Seek AI to enhance data mining and AI applications
Local startups will gain access to mentorship and a $500M venture fund
IBM Launches watsonx AI Labs in New York City
IBM has unveiled watsonx AI Labs, a groundbreaking developer-first innovation hub located in the heart of Manhattan. This initiative is set to revolutionize AI development by connecting IBM's vast enterprise resources with the next generation of AI builders. The lab aims to co-create generative AI solutions with clients, nurture local talent, and accelerate enterprise AI implementations.
A Hub for AI Innovation
Located at IBM's new offices at One Madison, watsonx AI Labs is part of IBM's global network of engineering labs. It brings together IBM researchers and engineers to collaborate on agentic AI solutions that deliver real-world value. The lab will work closely with startups, scale-ups, and large enterprises to unlock the potential of AI.
New York City: A Thriving AI Ecosystem
New York City is home to over 2,000 AI startups and has seen a 25% growth in its AI workforce from 2022 to 2023. Since 2019, AI-related companies in the city have raised $27 billion in funding. IBM's investment in watsonx AI Labs further cements NYC's status as a global AI hub.
Strategic Acquisition: Seek AI
IBM has also announced the acquisition of expertise and technology from Seek AI, a NYC-based startup specializing in AI agents for enterprise data. This move will enhance the capabilities of watsonx AI Labs and drive innovation in data mining and AI applications.
Commitment to Local Talent
Over the next five years, IBM plans to support local startups through technical mentorship, amplification, and potential investment from its $500M Enterprise AI Venture Fund. This initiative underscores IBM's dedication to fostering a diverse and inclusive tech ecosystem in NYC.
Focus Areas
watsonx AI Labs will concentrate on solving complex enterprise challenges, including:
- Customer service
- Supply-chain optimization
- Cybersecurity
- Responsible AI governance
- Open-source AI
For more information, visit www.ibm.com/products/watsonx-ai-labs.
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