IBM: $2B expansion in N.Y. to focus on AI

IBM is announcing plans for a $2 billion expansion in New York state focusing on artificial intelligence hardware. The Westchester County-based company says that as part of the investment, it will create a center for AI computer chip research and development at the SUNY Polytechnic Institute’s campus in Albany. To support the expansion, New York has agreed to contribute $300 million for the purchase and installation of equipment for the work.