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The Bank of New York Mellon (BK) Partners with Carnegie Mellon University to Advance AI Research
Yahoo Finance· 2025-09-17 18:27
Core Insights - The Bank of New York Mellon Corporation (NYSE:BK) is recognized as one of the best-performing financial stocks in 2025, highlighted by a recent partnership with Carnegie Mellon University to invest $10 million in artificial intelligence research [1][2]. Group 1: Partnership and Investment - The collaboration with Carnegie Mellon University aims to establish a Bank of New York AI Lab, which will integrate CMU students, faculty, and BNY experts to develop new AI technologies focused on trust, governance, and accountability in financial services [2][3]. - A dedicated research space will be created on CMU's Pittsburgh campus in the 2025–26 academic year to facilitate research, education, and talent collaboration in AI [3]. Group 2: Company Overview - The Bank of New York Mellon Corporation is a global financial services company that offers securities services, market and wealth services, and investment and wealth management to both institutional and retail clients [4].