I’m mildly surprised at NYC as their chosen hub location.
Their platform is apparently a viable US competitive to China’s Deepseek.
I remember we were marketing AI’s predecessor Neural Networking products in the early 1990s. IMO IBM was ahead of its time, since processing power, memory and storage was expensive. NN had to be resource efficient to justify it’s ROI.
See press release here;
https://www.prnewswire.com/news-releases/ibm-unveils-watsonx-ai-labs-the-ultimate-accelerator-for-ai-builders-startups-and-enterprises-in-new-york-city-302470856.html