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Kyndryl opens first U.S. AI lab in Frisco, with up to 300 jobs on the horizon. The IBM spinoff has partnered with NPower, Dallas AI and Tech Titans to help build Dallas-Fort Worth's AI workforce. Kyndryl opened its first U.S. AI lab at Frisco Station Oct. 1. [Photo: Kyndryl] IBM spinoff Kyndryl, a provider of enterprise-level IT infrastructure services, opened an AI innovation lab in Frisco Oct. 1. It is the company's first AI lab in the U.S. The lab, at 5844 John Hickman Parkway, could create up to 300 jobs in AI, tech consulting and design engineering over the next four years, Kyndryl said. The Frisco facility joins New York City-based Kyndryl's global network of AI labs, including locations in the United Kingdom and Luxembourg. Kyndryl occupies nearly 5,800 square feet in Offices 3 at Frisco Station, according to a filing with the Texas Department of Licensing and Registration. The renovation cost an estimated $500,000. A Kyndryl spokesperson confirmed the project's details. The company said it is investing in the Dallas-Fort Worth market "to advance AI innovation, workforce development and customer collaboration, reinforcing its long-term commitment to America's digital future." The Frisco lab will enable Kyndryl customers to explore AI use cases, develop working prototypes and create organizational AI roadmaps, Kyndryl said. Strengthening the innovation ecosystem Jamie Rutledge, president of Kyndryl U.S., said in a statement that the lab "brings customers together with Kyndryl experts to unlock the full value of AI while strengthening America's innovation ecosystem." "Powered by the Kyndryl Agentic AI Framework and our deep consulting, engineering and infrastructure expertise, the lab gives customers a hands-on environment to experiment, innovate and turn ideas into outcomes with greater speed and confidence," Rutledge said. Kyndryl launched the agentic AI initiative in fiscal year 2026, which ended March 31. The framework is designed to help customers adopt and scale agentic AI across on-site, cloud and hybrid environments, the company said. 'Pioneering company' The new lab will lean on a combination of the company's AI framework, transformation practice, consulting and AI services, and infrastructure and engineering know-how, Kyndryl said. In Frisco, customers will work with Kyndryl experts in workshops, prototyping sessions and engineering exercises "to solve business challenges where AI can deliver measurable impact," the company said. "Kyndryl is a pioneering company that could have chosen any market in the United States, and its decision to establish a major innovation hub in Frisco underscores the strength of our community and the reputation we've earned as one of the best places in the country for growth, innovation and exceptional talent," Frisco Mayor Mark Hill said in a statement. Frisco lab partners and specialties The company said the lab is partnering with NPower, Dallas AI, Tech Titans and other local organizations to cultivate AI and tech skills in the DFW workforce. Kyndryl said it's an inaugural supporter of NPower's AI training program. The lab will also be home to a team dedicated to developing technology for motor vehicle agencies across the U.S. In addition, the lab will showcase Kyndryl's cybersecurity capabilities. "By combining AI-enabled insights, automation and Kyndryl's deep cybersecurity and network expertise, the integrated operating model helps customers accelerate incident response, strengthen resilience and improve overall IT performance," the company said. More about Kyndryl Kyndryl spun off from tech powerhouse IBM in 2021. In fiscal year 2026, publicly traded Kyndryl reported revenue of $15.1 billion. The company said it serves thousands of customers in more than 60 countries. In March, Kyndryl said it secured a five-year contract with the Texas Department of Information Resources. Under the contract, Kyndryl provides IT modernization services, including AI and cybersecurity, to state agencies, local agencies and other public-sector organizations.

Why Kyndryl (KD) stock is up today. Adam hejl /. October 1, 2026 What happened? Shares of IT infrastructure services provider Kyndryl (NYSE:KD) jumped 5.8% in the afternoon session after the company opened its first U.S. AI Innovation Lab in the Dallas-Fort Worth area. According to the company press release, the site could create up to 300 roles in AI, technology consulting, and design engineering over four years. Kyndryl also published its first global Modernization Report, surveying 2,000 business and technology leaders and finding that AI adoption is pushing enterprises to modernize both legacy and modern infrastructure - reinforcing the strategic case for the lab investment. What is the market telling us. Kyndryl's shares are very volatile and have had 27 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 7 days ago when the stock dropped 4.9% on the news that Fitch Ratings assigned a BBB rating to Kyndryl's senior notes offering. According to Fitch, the new senior notes rank pari passu with Kyndryl's existing senior unsecured debt. In a related prospectus filing, Kyndryl said it plans to use net proceeds to repay $700 million of its 2.05% senior notes maturing in October 2026, with remaining proceeds plus cash on hand intended to pay down revolving credit balances and related fees. Refinancing at investment-grade terms can ease maturity risk, but a large notes sale can still pressure the stock if investors focus on leverage, interest expense, or the signal that near-term cash is being redirected to debt paydown. Kyndryl is down 53.1% since the beginning of the year, and at $11.97 per share, it is trading 60.9% below its 52-week high of $30.63 from October 2025. Investors who bought $1,000 worth of Kyndryl's shares at the IPO in October 2021 would now be looking at an investment worth $293.62. ALSO WORTH WATCHING: Nvidia's Quiet Partner. Nvidia's chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all. Every AI server needs specialized infrastructure the chip companies don't make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.

Kyndryl launches AI Innovation Lab in Dallas, Texas. Investment reinforces Kyndryl's commitment to advancing customer innovation and AI adoption across the United States NEW YORK, October 1, 2026 - Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced the opening of its first U.S. AI Innovation Lab in the Dallas-Fort Worth area. The investment is expected to create up to 300 highly skilled jobs in AI, technology consulting and design engineering over the next four years. The Lab also reinforces Kyndryl's long-term commitment to America's digital future and to advancing innovation, workforce development and customer engagement in the U.S. "The future of AI will be built through collaboration, and our AI Innovation Lab in Dallas brings customers together with Kyndryl experts to unlock the full value of AI while strengthening America's innovation ecosystem," said Jamie Rutledge, President, Kyndryl U.S. "Powered by the Kyndryl Agentic AI Framework and our deep consulting, engineering and infrastructure expertise, the Lab gives customers a hands-on environment to experiment, innovate and turn ideas into outcomes with greater speed and confidence." The Kyndryl AI Innovation Lab in Dallas will focus on helping customers modernize their technology environments for AI. Kyndryl's latest modernization research found that 34% of organizations are modernizing to enable AI capabilities, making it a larger driver of modernization than cost reduction (29%). The research also found that AI is increasing demand across cloud, mainframe, network and edge environments, reinforcing that modernization is more than a legacy-retirement exercise - it is the foundation for enabling AI at scale. The Lab will use a repeatable method that combines the company's Agentic AI Framework with Kyndryl Consult and AI services, infrastructure and engineering expertise, and Kyndryl Vital's design-led transformation practice. Through an immersive, four-phase approach - customer immersion, co-design, build and roadmap - customers will work alongside Kyndryl experts through workshops, rapid prototyping and engineering co-creation to solve business challenges where AI can deliver measurable impact. Together, they will validate ideas, design future workflows and rapidly advance from exploratory use cases to working prototypes in days, creating a clear path from prototype to production and helping customers deploy AI-enabled workflows across a customer's business at scale. "Kyndryl is a pioneering company that could have chosen any market in the United States, and its decision to establish a major innovation hub in Frisco underscores the strength of our community and the reputation we've earned as one of the best places in the country for growth, innovation, and exceptional talent," said Mayor Mark Hill, City of Frisco. Beyond accelerating customers' AI adoption journeys, the Kyndryl AI Innovation Lab in Dallas will serve as a catalyst for workforce development, community engagement and public sector innovation across Texas, including: * Building an AI talent pipeline: Kyndryl is partnering with NPower, Dallas AI, Tech Titans, and other local organizations to expand access to AI and emerging technology skills, creating new career pathways while strengthening the region's innovation ecosystem. As an inaugural supporter of NPower's AI training program, Kyndryl is helping equip learners with practical skills in areas such as prompt engineering and automation. * Advancing motor vehicle services: The AI Innovation Lab in Dallas will be home to a specialized team focused on Kyndryl's DMV solutions, supporting motor vehicle agencies across the United States. Kyndryl experts will develop reusable code and deployment best practices, apply AI to enhance solution development and testing, and give customers an environment to experience demonstrations of Kyndryl's DMV capabilities. The Lab will also showcase Kyndryl's Cyber Defense Operations Center capability, a next-generation command hub that unifies network and security operations to provide real-time visibility, monitoring and collaborative analysis across complex IT environments. By combining AI-enabled insights, automation and Kyndryl's deep cybersecurity and network expertise, the integrated operating model helps customers accelerate incident response, strengthen resilience and improve overall IT performance. Kyndryl experts at the AI Innovation Lab in Dallas will also help customers modernize and secure their IT operations and infrastructure to take advantage of the transformative opportunities enabled by Frontier AI models. The Kyndryl AI Innovation Lab in Dallas joins the company's expanding global lab network - including locations in the United Kingdom and Luxembourg - where Kyndryl experts guide customers through immersive experiences designed to help turn their AI ambitions into reality. About Kyndryl Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com. Forward-looking statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "objectives," "opportunity," "plan," "position," "predict," "project," "should," "seek," "target," "will," "would" and other similar words or expressions or the negative thereof or other variations thereon. All statements other than statements of historical fact, including without limitation statements concerning the company's plans, objectives, goals, beliefs, business strategies, future events, business condition, results of operations, financial position, business outlook and business trends and other non-historical statements, are forward-looking statements. These statements do not guarantee future performance and speak only as of the date of this press release. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties, including those described in the "Risk Factors" section of the company's most recent Annual Report on Form 10-K, and may be further updated from time to time in the company's subsequent filings with the Securities and Exchange Commission.