Federal government increases AI investment in Capital Region

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The federal government has doubled its investment in artificial intelligence in the Capital Region over the last year. That’s according to the Center for Economic Growth.

In the last fiscal year, the government has awarded 30 prime contracts and grants worth nearly $18 million to companies and institutions performing AI research and services right here in our area.

Some of the money is going toward research on AI-enhanced cancer cell identification at Albany Medical College, and to RPI and the SUNY Research Foundation.

This federal funding comes amid a rapid expansion of the Capital Region’s Artificial Intelligence Cluster.

UAlbany is launching a $200 million AI supercomputing initiative and RPI is founding a new Rensselaer Institute for Data, Artificial Intelligence, and Computing.