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The New York Climate Exchange is putting its money where its mouth is.
The nonprofit is holding its first-ever AI Innovation Challenge, and it's looking for students to come up with solutions to stormwater management issues in New York City, the New York Daily News reports.
"Stormwater surge is causing more frequent flooding of streets, transit systems, and homes, and legacy urban infrastructure is unable to keep up," the exchange says in a press release.
"As a result, communities, and vulnerable populations especially, need to respond to stormwater challenges with new and innovative resiliency solutions."
The AI Challenge will use IBM's watsonx.ai technology and the Call for Code platform, along with data from Moody's, Good Old Lower East Side, and the University of Washington.
Teams of four to five students will form, register to participate, and submit their ideas by April 30.
Five teams will advance to the second round, where they'll be given more time to come up with their solution for a final presentation in New York City this fall.
"The Challenge blends business and policy acumen with computing and technical skills, requiring critical thinking, teamwork, and creativity to give students insight into the holistic perspective they will need to develop solutions to the world's most
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Social Entrepreneurship
Spotlight
3 Social Enterprises Earn Honors at Social Enterprise Award
Three social enterprises were recognized at the 2013 President’s Challenge Social Enterprise Award for their major contributions to society. SATA CommHealth and Bliss Restaurant landed Social Enterprise of the Year titles, while Bettr Barista Coffee Academy bagged the award for Social Enterprise Start-up of the Year.