BNY and Carnegie Mellon Launch $10M AI Governance Research Lab
The five-year partnership will focus on developing frameworks for trust, governance, and accountability in financial services AI.
An Industrial-Academic Partnership
Financial services firm BNY and Carnegie Mellon University (CMU) on September 11, 2025, announced a five-year, $10 million partnership to establish the BNY AI Lab. The collaboration's explicit focus is not on developing more powerful AI models, but on creating the frameworks needed to ensure AI is deployed responsibly in high-stakes environments.
The lab will focus on developing technologies and frameworks to ensure robust governance, trust, and accountability for mission-critical AI applications. The partnership aims to combine CMU's research leadership with BNY's real-world expertise in the highly regulated financial sector.
Industrializing AI Ethics
The investment …
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