IBM(US:IBM) Prnewswireยท2025-06-02 16:00Core Insights - IBM has launched watsonx AI Labs in New York City to enhance AI development and adoption, connecting enterprise resources with emerging AI developers [1][2] - The lab aims to co-create AI solutions with startups and large enterprises, focusing on real-world applications and value extraction from AI [2][4] - New York City is positioned as a global AI hub, with a significant increase in AI startups and workforce growth, indicating a thriving innovation ecosystem [3] Company Initiatives - watsonx AI Labs is located at IBM's new offices at One Madison, serving as a collaborative space for AI innovation [2] - IBM's acquisition of Seek AI will integrate expertise in building AI agents, enhancing the lab's capabilities [4][6] - The lab will provide local startups with access to technical support, mentorship, and potential investment from IBM Ventures over the next five years [5] Industry Context - New York City's AI workforce grew by nearly 25% from 2022 to 2023, with over 2,000 AI startups contributing to the local economy [3] - Since 2019, AI-related companies in New York City have raised $27 billion in funding, showcasing the region's investment potential [3] - The lab will focus on developing domain-specific AI solutions addressing complex enterprise challenges, including customer service and cybersecurity [6]