Carnegie Mellon University contributes nearly $1.5 billion to Pittsburgh's economy each year, according to a report CMU released Thursday.
The university is not only an economic driver in the region but also a key player in the transformation of Pittsburgh into a hub for robotics, artificial intelligence and other innovations, the report found.
"CMU's reputation, expertise and talent pipeline in this and other growing fields have made Pittsburgh a prime destination for cutting-edge technology firms and in the process is fundamentally remaking Pittsburgh's brand in the global marketplace," the report stated, adding later, "Pittsburgh now is well-positioned to compete as an innovation hub against other world-class locations because of the concentration of intellectual capital and entrepreneurship activity represented by CMU, and the innovation ecosystem it has helped to foster."
