BNY Mellon and Carnegie Mellon University partner for R&D in AI

BNY and Carnegie Mellon University, or CMU, announced a five-year, $10M agreement to support world-class research and development in artificial intelligence. The collaboration will bring students, faculty and staff from across the University together with BNY experts to advance the state-of-the-art in AI applications and systems. 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. 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 CMU’s Pittsburgh campus during the 2025-26 academic year. Once in motion, the alliance will aim to realize progress on a number of fronts, including: strengthening Pittsburgh’s position as a global hub for the advancement of AI, fostering economic development across Western Pennsylvania and directly supporting CMU’s efforts to train the next generation of AI and data leaders and drivers.