Connect with us

Technology

IBM Unveils New Flagship Office at One Madison Avenue in New York City

Published

on

New location reaffirms IBM’s commitment to the growing technology industry ecosystem of New York City and State

NEW YORK, Sept. 6, 2024 /PRNewswire/ — IBM (NYSE: IBM) today celebrated the opening of its new flagship office at One Madison Avenue, marking a significant milestone for the New York-based global technology company. The ribbon cutting ceremony featured remarks from IBM Chief Executive Officer Arvind Krishna, Senate Majority Leader Chuck Schumer, New York Governor Kathy Hochul, President and CEO of the Partnership for New York City Kathryn Wylde and others, as they welcomed IBM employees, partners and community members.

“One Madison Avenue demonstrates a new chapter in the partnership between IBM and the city and state of New York. It joins a long tradition of IBM contributions to New York’s thriving technology industry, including our deep partnerships with academic and research institutions across the state,” said Krishna. “This move will allow us to bring our employees, clients and partners together to work on exciting technologies, from enterprise AI to hybrid cloud to quantum.”

“IBM’s new flagship office in New York is the latest sign that our post-pandemic economy is roaring back to life,” said Governor Hochul. “Since its founding in Endicott in 1911, IBM has been synonymous with science and technology, creating thousands of jobs and boosting economic growth. Innovators, scientists and coders from across the globe are flocking to New York, and we look forward to the next century of success.”

“With IBM’s new office at One Madison, the future is bright for IBM, for New York City, and for our entire state,” said Senator Schumer. “It’s a new chapter for IBM in NYC that will support thousands of jobs and contribute to the incredible growth of the tech industry in New York City. I’m proud to support IBM’s new investments to reimagine this wonderful, historic building and position New York to be a leader in innovation. I will work relentlessly to make New York City—and all of our state—a leading hub for AI, semiconductor chips, quantum computing, and more.”

New York City’s economy is stronger than ever, and we’re creating more jobs and opportunities for New Yorkers every single day,” said New York City Mayor Eric Adams. “With yet another global-leading company doubling down on its commitment to New York City, we are continuing to build the foundation for a more prosperous, equitable, and affordable future for New Yorkers across the five boroughs. Thank you to IBM for your belief in our city, and congratulations on this opening.”

“IBM as a company has been the anchor of New York City’s fastest growing industry – the tech sector – our greatest source of new talent,” said Wylde. “The company has played a huge role in the positive trajectory of the city and they are an important source of support to all our member companies keeping New York a global commercial center. Whether it’s the work they do for our municipal government, state government, or the education system, across the board they have been the innovation center for the public sector as well as the private sector.”

Located at the southeast corner of Madison Square Park, the new 270,000 square-foot IBM office spans five floors of One Madison Avenue – owned and managed by SL Green Realty Corp. – and will be home to more than 2,000 New York-area employees. IBM enlisted global architecture and design firm Gensler to co-create an agile, state-of-the-art workspace that facilitates collaboration, fuels productivity and spotlights innovation.

Employees, guests and the community will be welcomed into One Madison Avenue through an expansive street-level lobby, featuring floor-to-ceiling windows and a 40-foot-long Quantum Wave light sculpture, prominently displayed as a symbol of emerging and future technology. An escalator leads to the second-floor reception space, where the circular IBM “Blue Bar” serves as a gathering space overlooking Madison Square Park, and the 22,000 square-foot Innovation Studio brings IBM’s latest technology to life through immersive experiences.

Workspaces were purposefully designed to meet the evolving needs of IBM employees and future talent. A variety of different environments have been incorporated throughout – including individual zones (independent work), collaboration zones (meet and congregate) that can accommodate groups of three to 300, and community zones (unwind, reset, socialize) – offering flexibility and choice.

Sweeping park and city views are a focal point of the interior across all five floors, bringing the beauty and energy of the neighborhood inside, while a 25,000 square-foot outdoor terrace features pollinator gardens with over 40 different plant species – 50% of which are native to the region. Positioned to be among the most notable adaptive reuse projects of present-day New York, the LEED Gold CI certified building will utilize IBM solutions including Maximo and Envizi to track, analyze and report sustainability progress.

According to Marc Holliday, Chairman and CEO, SL Green Realty Corp., “IBM is a global technology innovator leading the way in AI, automation and cloud-based solutions. It embodies resiliency, grit and the spirit of progress and constant transformation. One Madison Avenue tracks the history and evolution of New York City and of IBM. We couldn’t be more proud to be home to their new flagship New York City office.”

“The One Madison Avenue workplace hub was designed as an innovation engine and community forum that will extend IBM’s legacy as a leader in New York City’s digital economy,” said Amanda Carroll, Managing Director, Gensler. “Embedded in the heart of Manhattan’s Silicon Alley, One Madison Avenue is an empowering platform for IBM’s employees and clients to connect, create and innovate on some of the world’s most complex technological problems.”

One Madison Avenue consolidates previously held IBM offices across New York City, bringing employees together in one centralized hub. It is expected to achieve full occupancy in October 2024.

Additional Statements on the Opening of IBM’s Office at One Madison Avenue

Joanne Wright, Senior Vice President, Transformation and Operations, IBM
“In designing One Madison Avenue, we set a bold vision to create a vibrant, innovative, and inclusive work environment. Today, we’re unveiling a modern workplace experience in the era of AI, inspiring a culture of collaboration and innovation that drives growth and prosperity for clients, partners and IBM.”

Sheena Wright, First Deputy Mayor of New York City
“The opening of IBM’s new flagship office is further indication of New York City’s strength as a center for global commerce. The continued commitment from businesses to our city, whether it be international corporations or budding entrepreneurs, further galvanizes our economy and creates more career opportunities for New Yorkers.”

Andrew Kimball, New York City Economic Development Corporation (NYCEDC) President and CEO
“IBM’s commitment to deepen its roots here in New York City reaffirms that the city’s tech sector is unlike any other with its diverse economy, talent pool, innovation ecosystem, and vibrant culture, making it the ideal location for new and established companies to flourish. IBM’s brand-new office space at One Madison Avenue in the Flatiron district will undoubtedly contribute to the city’s robust tech ecosystem and dynamic economy.”

B.J. Jones, “New” New York Executive Director
“IBM’s new flagship office generates economic opportunity and vibrancy, enhancing the live-work-play power of the Flatiron and NoMad neighborhoods. In creating a place where people want to work, IBM is further making our city the place where people want to be.”

Maria Torres-Springer, Deputy Mayor for Housing, Economic Development and Workforce
“IBM’s new flagship office at One Madison only deepens New York City’s strength as one of the greatest tech ecosystems in the world. IBM’s footprint in the area will undoubtedly help to shape the future of Midtown, complementing the City’s work to create affordable housing and making the area into a truly 24/7 mixed-use neighborhood.”

About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.

Media Contact
Jessica Chen
IBM Communications
jessicachen@ibm.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/ibm-unveils-new-flagship-office-at-one-madison-avenue-in-new-york-city-302240911.html

SOURCE IBM

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Yiren Digital Accelerates Operating Efficiency Through AI Agent Deployment

Published

on

By

Broader AI adoption improves productivity across asset recovery and enterprise operations

BEIJING, July 23, 2026 /PRNewswire/ — Yiren Digital Ltd. (NYSE: YRD) (“Yiren Digital” or the “Company”), a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets, today announced measurable operating efficiency improvements as it continues to deploy AI agents across core enterprise workflows. Broader AI adoption is reducing manual intervention, increasing workforce productivity and creating greater operating leverage by automating high-volume processes across multiple business functions.

These deployments are a key component of Yiren Digital’s “All-in-AI” strategy and its broader transition from AI-assisted productivity toward agent-driven execution. By embedding AI agents into core workflows, the Company is creating reusable operating capabilities that can be deployed across its businesses, supporting greater efficiency and reducing the cost of extending automation into new functions.

“Our objective is not simply to automate individual tasks, but to fundamentally improve how work is performed across the enterprise,” said Mr. Ning Tang, Chairman and Chief Executive Officer of Yiren Digital. “As AI agents take on more of our high-volume, demanding workflows, the productivity gains are becoming a structural part of how we run the business, not a one-time efficiency project. We will continue to deepen AI integration across our existing businesses while extending reusable capabilities into additional verticals.”

The AI deployments are supported by the Company’s proprietary enterprise AI architecture, including MagiCube 2.0, its upgraded multi-agent platform. The platform provides common infrastructure for agents deployed across marketing, customer service, capital operations, risk management, compliance and research and development, with more than 10 reusable foundational capabilities, supporting enterprise-wide execution.

Measurable Operating Impact

Lower manual intervention: The human handling rate in asset-recovery operations decreased from 45.0% to 24.9%, representing a 20.1-percentage-point decline, an approximately 44.6% relative reduction in manual intervention.

Higher staff productivity: The number of service tickets handled per asset-recovery staff member within the applicable Month 1 workflow increased from 358 to 525, an improvement of approximately 47%.

Expanded agent adoption: AI agents accounted for 81% of service tickets within eligible Day 1 asset-recovery workflows in 2025, up from 50% in 2024. The Company also deployed AI agents selectively in later-stage workflows, accounting for 20% of eligible service tickets at Day 4, 14% at Day 16 and 20% at Month 2. Each percentage is calculated separately for the relevant stage and should not be interpreted as a sequential adoption trend.

Enterprise-wide reuse: MagiCube 2.0 supports agent deployment across six enterprise functions, allowing the Company to apply common AI capabilities to a broader range of regulated and high-volume workflows.

Enterprise-scale AI execution: The Fengchao AI voice agent processes approximately 1,500 hours of real-time speech-to-text activity each day. The LingShu intelligent marketing platform executes more than 1,700 tasks daily and generates individualized communication content in an average of 0.6 seconds.

Building Enterprise Operating Leverage Through AI

As AI deployment expands across the enterprise, Yiren Digital is increasingly shifting repetitive, high-volume tasks from human-assisted processes toward agent-driven execution. By combining AI agents with centralized orchestration and governance, the Company is improving operating consistency, strengthening workforce productivity and creating reusable capabilities that increase operating leverage as AI is deployed across additional business functions.

Yiren Digital plans to continue expanding agent-driven workflows across its credit and insurance operations, as part of its ongoing All-in-AI strategy, while strengthening the shared architecture and governance that support enterprise-wide AI deployment. These capabilities are designed to scale across multiple use cases and provide a foundation for the Company’s broader expansion into AI application-layer opportunities, including AI entertainment and AI-assisted language learning.

About Yiren Digital

Yiren Digital Ltd. is a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets. The Company leverages advanced artificial intelligence and emerging technologies to enhance customer experience, optimize capital efficiency, and expand financial inclusion. Following the regulatory filing of its in-house developed Large Language Model Zhiyu, and the significant enhancement of its MagiCube Agent platform, Yiren Digital is establishing a new growth engine to accelerate its evolution into an AI-native, multi-industry operating platform extending beyond traditional financial services. For more information, please visit https://ir.yiren.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend,” “ought to,” “plan,” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident,” and similar expressions. Forward-looking statements are based on management’s current expectations, assumptions, and assessments of current market and operating conditions. These statements involve inherent risks, uncertainties, and other factors, many of which are outside the control of the Company, and which could cause actual results to differ materially from those expressed or implied in such statements. Actual results may differ materially from those expressed or implied in forward-looking statements due to a variety of factors and other risks described in the Company’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company undertakes no, and expressly disclaims any, obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required under applicable law.

View original content:https://www.prnewswire.com/news-releases/yiren-digital-accelerates-operating-efficiency-through-ai-agent-deployment-302833201.html

SOURCE Yiren Digital Ltd.

Continue Reading

Technology

Infinium Edge Launches EdgeSites™, a New Infrastructure Model for Deploying AI Compute at Existing Commercial and Industrial Facilities

Published

on

By

EdgeSites delivers operational AI infrastructure in existing powered buildings — factory-built data center modules, waterless cooling, and ready in months without new construction or grid interconnection required.

SACRAMENTO, Calif., July 23, 2026 /PRNewswire/ — Infinium Edge™ today announced Infinium EdgeSites™, a development program that utilizes existing commercial and industrial facilities to deploy operational AI compute infrastructure. Built around Infinium Edge’s proprietary Edge Thermal Vectoring™ immersion cooling platform, EdgeSites enables high-density GPU deployments in existing buildings that were never designed as data centers — without new construction, without cooling water infrastructure, and without the multi-year grid interconnection timelines that constrain conventional large-scale data center development.

More than 20 million commercial and industrial electricity customers in the US are served by electrical infrastructure sized to peak demand – which industry research shows are utilized at only 40-60% on average. That unused headroom, capacity already contracted, energized, and sitting behind the meter, can support high-density AI compute without adding new load to the grid or waiting on a new interconnection.

At the center of the program is the Vector ONE™ — Edge’s factory-built, self-contained immersion cooling system designed to house 1 MW of AI compute capacity. Vector ONE units are engineered for deployment in standard commercial and industrial buildings, either indoors or outdoors, arriving pre-integrated, fully commissioned and require no municipal water connection. Installations are modular and scalable: additional units can be commissioned as site power and demand allow, without rebuilding the underlying infrastructure and occupy up to 70% less floor space than air-cooled equivalents.

Built for the Shift to Inference

As inference moves to displace training as the dominant AI workload, the growth opportunity is shifting towards small, distributed data centers that can be deployed quickly and sited where demand originates. Conventional data center developments are under compounding pressure from long utility interconnection queues, sometimes lasting years, pressure around water use, and general community and regulatory opposition enacting restrictions. Community opposition and regulatory friction delayed or blocked an estimated $156 billion in planned U.S. data center capacity in 2025 alone.

EdgeSites is purpose-built for the structural shift to inference and addresses key issues stalling conventional data center developments today. Each Vector ONE unit delivers 1 MW of inference-ready capacity inside an existing building, in a market that already has established electrical infrastructure, in a timeline measured in months rather than years. Multiple units can be used in tandem to deploy up to 10 MW of capacity at a single site.  The program converts the distributed inventory of underutilized industrial or commercial electrical capacity in the United States into a nationally scaled inference network. Vector ONE’s dry-cooler loop consumes no municipal water, making EdgeSites viable in markets where evaporative cooling has been restricted or banned.

“The data center industry has been answering an infrastructure shortage with a construction playbook — build new facilities, secure new grid connections, wait years for capacity to come online,” said Robert Schuetzle, CEO of Infinium. “That model cannot keep pace with AI deployment timelines. Infinium EdgeSites operate around different premises: the power already exists, the buildings already exist, and the technology now exists to put them to work. We are making operational what the industry has been treating as stranded.”

Deploying EdgeSites

As demand for AI compute continues to outpace available infrastructure and focuses on distributed inference needs, Infinium Edge is expanding the EdgeSites network with qualified host locations and compute partners.

Commercial and industrial property owners of industrial sites, distribution centers, warehouses, or large commercial properties with available electrical capacity benefit from receiving lease income from infrastructure they already own or control. Infinium Edge manages all aspects of site development and operations for installing and deploying the Vector ONE system. No capital investment or operational responsibility is required from the host.

AI companies, enterprises, and compute operators requiring infrastructure on compressed deployment timelines can access high-density, edge-proximate GPU capacity through a straightforward capacity agreement, priced by the kilowatt-month, with backup power included in the capacity fee. There is no construction to manage, no permitting process to navigate, and no cooling infrastructure to operate or maintain.

Infinium Edge manages the full program from development and installation to operation and monitoring— simplifying development and data center management for AI companies and enterprises.

Reach out to learn more and partner in EdgeSites deployments.

Inquiries: www.infinium.ai/edgesites

About Infinium Edge™
Infinium Edge™ is the advanced AI data center infrastructure platform from Infinium, delivering high-density, sustainable compute through proprietary single-phase immersion cooling technology. Infinium Edge is the only North American producer of Fischer-Tropsch immersion fluids and offers a full-stack platform — including Edge Thermal Vectoring™ platform, Vector ONE™ modular AI Factory units, ETV100 immersion fluids, and integrated monitoring systems — engineered for the thermal and operational demands of AI and high-performance computing at scale. For more information, visit www.infinium.ai.

View original content to download multimedia:https://www.prnewswire.com/news-releases/infinium-edge-launches-edgesites-a-new-infrastructure-model-for-deploying-ai-compute-at-existing-commercial-and-industrial-facilities-302832792.html

SOURCE Infinium

Continue Reading

Technology

ChipMOS SCHEDULES SECOND QUARTER 2026 FINANCIAL RESULTS SEMIANNUAL CONFERENCE CALL

Published

on

By

HSINCHU, July 23, 2026 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today announced that it will report second quarter 2026 results and host a semiannual conference call after the close of trading on the Taiwan Stock Exchange on Tuesday, August 11, 2026.

Investors and analysts are encouraged to participate in the semiannual conference call using the dial-in phone number noted below. A webcast and replay will be available on the Company’s website.

Date: Tuesday, August 11, 2026
Time: 3:00PM Taiwan (3:00AM New York)
Dial-In: +886-2-3396 1191
Password: 1637011 #

Semiannual Conference Call Webcast and Replay: https://www.chipmos.com/chinese/ir/info2.aspx
Replay: Starts Approximately 2 hours after the live call ends

Language: Mandarin

Note: A transcript will be provided on the Company’s website in English following the semiannual conference call to help ensure transparency, and to facilitate a better understanding of the Company’s financial results and operating environment.

About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.

Forward-Looking Statements:
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding current macroeconomic conditions, including the impacts of high inflation, foreign exchange rates and risk of recession, on demand for our products, consumer confidence and financial markets generally; changes in trade regulations, policies, and agreements and the imposition of tariffs that affect our products or operations, including potential new tariffs that may be imposed and our ability to mitigate with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, based on a number of important factors and risks, which are more specifically identified in the Company’s most recent U.S. Securities and Exchange Commission (the “SEC”) filings. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the SEC and in its other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com

 

View original content:https://www.prnewswire.com/news-releases/chipmos-schedules-second-quarter-2026-financial-results-semiannual-conference-call-302831885.html

SOURCE ChipMOS TECHNOLOGIES INC.

Continue Reading

Trending