Business
BNY and Carnegie Mellon University Join Forces to Advance Research and Development in AI
BNY (NYSE: BK), a global financial services company, and Carnegie Mellon University (CMU) today announced a five-year, $10 million agreement to support world-class research and development in artificial intelligence (AI). 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 and prepare the next generation of leaders.
About this update from The Bank Of New York Mellon Corporation
[{"type":"text","content":"NEW YORK and PITTSBURGH, Sept. 11, 2025 /PRNewswire/ -- BNY (NYSE: BK), a global financial services company, and Carnegie Mellon University (CMU) today announced a five-year, $10 million agreement to support world-class research and development in artificial intelligence (AI). 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 and prepare the next generation of leaders.","length":494,"tagName":"p"},{"type":"text","content":"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.","length":564,"tagName":"p"},{"type":"text","content":"As part of the agreement, a dedicated space will be created on CMU's Pittsburgh campus during the 2025–26 academic year. This space will support the full scope of the collaboration—including joint research, education projects, and talent recruitment—and will also provide opportunities for BNY employees to work directly with CMU students and faculty.","length":360,"tagName":"p"},{"type":"text","content":""As AI drives productivity, unlocks growth and transforms industries, Pittsburgh has cemented its role as a global hub for innovation and talent, reinforcing Pennsylvania's leadership in shaping the broader AI ecosystem," said Robin Vince, CEO of BNY. "Building on BNY's 150-year legacy in the Commonwealth, we are proud to expand our work with Carnegie Mellon University to help attract world-class talent and pioneer AI research with an impact far beyond the region."","length":497,"tagName":"p"},{"type":"text","content":"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, ensur...