BNY Mellon Partners with Carnegie Mellon to Advance AI Research

Bank of New York Mellon (BNY) is partnering with Carnegie Mellon University to advance AI research through a $10 million investment. The partnership will establish a lab at the university to explore theoretical and applied AI research. BNY CEO Robin Vince also discussed tokenization and digital assets in the interview. The partnership aims to create an AI superpower for the bank.

Bank of New York Mellon (BNY) has announced a strategic partnership with Carnegie Mellon University (CMU) to advance artificial intelligence (AI) research through a $10 million investment. The collaboration, known as the BNY AI Lab, will establish a dedicated research space at CMU's Pittsburgh campus during the 2025-26 academic year. The lab will focus on developing technologies and frameworks that ensure robust governance, trust, and accountability in deploying mission-critical AI applications, particularly within financial services BNY and Carnegie Mellon University Join Forces to Advance Research and Development in AI^[1].

The partnership will involve CMU students, faculty, and staff working alongside BNY experts to advance both theoretical and applied AI. BNY Mellon will also support cross-disciplinary courses and talent recruitment across all CMU schools and colleges. The initiative aims to bolster Pittsburgh's status as a key AI innovation hub, stimulate economic growth in Western Pennsylvania, and cultivate the next generation of AI and data science leaders BNY Mellon (BK) Partners with CMU for $10M AI Research Lab^[2].

Robin Vince, CEO of BNY, emphasized the significance of AI in transforming industries and driving productivity. He stated, "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" BNY and Carnegie Mellon University Join Forces to Advance Research and Development in AI^[1]. Farnam Jahanian, President of Carnegie Mellon, echoed this sentiment, highlighting CMU's commitment to responsibly developing and scaling emerging AI technologies BNY and Carnegie Mellon University Join Forces to Advance Research and Development in AI^[1].

The collaboration underscores BNY's long-term relationship with CMU, highlighted by the bank's position as the largest employer of graduates from CMU's Master of Science in Artificial Intelligence and Innovation (MSAII) program. The partnership seeks to accelerate the path from research to scalable practices, ensuring AI delivers measurable benefits for clients, institutions, and the broader financial ecosystem BNY and Carnegie Mellon University Join Forces to Advance Research and Development in AI^[1].

BNY Mellon's financial health is robust, with strong revenue growth and profitability metrics. The company's revenue for the trailing twelve months stands at $18.97 billion, with a one-year growth rate of 12.5%. The net margin is 26.25%, and earnings per share (EPS) is $6.55, reflecting a one-year earnings growth of 26.4% BNY Mellon (BK) Partners with CMU for $10M AI Research Lab^[2]. The company's debt-to-equity ratio is 0.82, indicating a manageable debt level, and its interest coverage ratio is comfortable. However, the stock's price-to-book (P/B) ratio is close to its 10-year high, and there has been a trend of insider selling BNY Mellon (BK) Partners with CMU for $10M AI Research Lab^[2].

The partnership with CMU is part of BNY Mellon's strategic initiatives to position the company for future growth. The collaboration aligns with the company's mission to manage and service financial assets throughout the investment lifecycle. The partnership aims to create an AI superpower for the bank, leveraging CMU's leadership in AI research and BNY Mellon's scale and expertise as one of the world's largest financial institutions BNY and Carnegie Mellon University Join Forces to Advance Research and Development in AI^[1].

Overall, the BNY Mellon-CMU partnership is a significant development in the AI landscape, positioning the bank for innovation and growth while contributing to the broader AI ecosystem.