BNY and Carnegie Mellon University announce five-year $10 million partnership supporting AI research
Financial services company BNY has partnered with Carnegie Mellon University in a five-year deal that will support research and development in AI.
The $10 million deal aims to bring students, faculty and staff together alongside BNY experts to advance AI applications and systems to prepare the next generation of leaders.
Known as the BNY AI Lab, the collaboration will focus on technologies and frameworks that can ensure robust governance of mission-critical AI applications.
"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," comments Robin Vince, CEO at 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."
A dedicated space for the collaboration will be created at the University’s Pittsburgh campus during the 2025-26 academic year.
"AI 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," adds Farnam Jahanian, President of Carnegie Mellon. "Carnegie Mellon University is thrilled to collaborate with BNY – a global financial services powerhouse – to responsibly develop and scale emerging AI technologies and democratize their impact for the benefit of industry and society at large."
The ETIH Innovation Awards 2026
The EdTech Innovation Hub Awards celebrate excellence in global education technology, with a particular focus on workforce development, AI integration, and innovative learning solutions across all stages of education.
Now open for entries, the ETIH Innovation Awards 2026 recognize the companies, platforms, and individuals driving transformation in the sector, from AI-driven assessment tools and personalized learning systems, to upskilling solutions and digital platforms that connect learners with real-world outcomes.
Submissions are open to organizations across the UK, the Americas, and internationally. Entries should highlight measurable impact, whether in K–12 classrooms, higher education institutions, or lifelong learning settings.
Winners will be announced on 14 January 2026 as part of an online showcase featuring expert commentary on emerging trends and standout innovation. All winners and finalists will also be featured in our first print magazine, to be distributed at BETT 2026.
