United States $75 Billion Financial Services Group BNY & Carnegie Mellon University (CMU) Announced $10 Million 5-Year AI Partnership (BNY AI Lab) to Support World-Class Research & Development in Artificial Intelligence (AI), Carnegie Mellon University (CMU) Pittsburg Campus Will Have Dedicated Space & Allows BNY Employees to Work Directly with Students & Faculty
15th September | Hong Kong
United States financial services group BNY ($75 billion market value) & Carnegie Mellon University (CMU) have announced a $10 million 5-year AI partnership (BNY AI Lab) to support world-class research & development in artificial intelligence (AI), with Carnegie Mellon University (CMU) Pittsburg campus to have dedicated space allowing BNY employees to work directly with students & faculty. BNY (11/9/25): “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. 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. 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. 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, ensuring AI delivers measurable benefits for clients, institutions and the broader financial ecosystem. 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. This latest development underscores the long-term relationship between CMU and BNY over many years, highlighted by BNY’s position as the largest employer of graduates from CMU’s Master of Science in Artificial Intelligence and Innovation (MSAII) program.”
“ United States $75 Billion Financial Services Group BNY & Carnegie Mellon University (CMU) Announced $10 Million 5-Year AI Partnership (BNY AI Lab) to Support World-Class Research & Development in Artificial Intelligence (AI), Carnegie Mellon University (CMU) Pittsburg Campus Will Have Dedicated Space & Allows BNY Employees to Work Directly with Students & Faculty “
![](https://www.caproasia.com/wp-content/uploads/2025/08/Air-Charter-Service-728x90-1.png")
Robin Vince, CEO of BNY: ”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. 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.”
Farnam Jahanian, President of Carnegie Mellon: ”Artificial Intelligence 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. 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.”
BNY – BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of June 30, 2025, BNY oversees $55.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators.
Carnegie Mellon University – Carnegie Mellon, cmu.edu, is a private, internationally ranked research university with acclaimed programs spanning the sciences, engineering, technology, business, public policy, humanities and the arts. Our diverse community of scholars, researchers, creators and innovators is driven to make real-world impacts that benefit people across the globe. With an unconventional, interdisciplinary and entrepreneurial approach, we do the work that matters.
United States $75 Billion Financial Services Group BNY & Carnegie Mellon University (CMU) Announced $10 Million 5-Year AI Partnership (BNY AI Lab) to Support World-Class Research & Development in Artificial Intelligence (AI), Carnegie Mellon University (CMU) Pittsburg Campus Will Have Dedicated Space & Allows BNY Employees to Work Directly with Students & Faculty
Caproasia Users
- Manage $20 million to $30 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2026 Investment Day
- March - Hong Kong
- March - Singapore
- April - Hong Kong
- April - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
