IBM invests $240mn into joint AI research project with MIT

By Callum Rivett
American technology giant IBM is partnering with Massachusetts Institute of Technology with a $240mn investment over 10 years for a research project int...

American technology giant IBM is partnering with Massachusetts Institute of Technology with a $240mn investment over 10 years for a research project into artificial intelligence.

Having fallen behind in the industry to Google, Microsoft and Facebook, IBM is looking to use the university to help prove its Watson AI Health programme can justify the hype in treating cancer.

The new MIT-IBM Watson AI Lab will bring together 100 academies which will then focus on research in various AI areas - new algorithms, hardware, social impact and business applications.

RELATED STORIES

Experimenting with deep learning algorithms, whilst attempting to study quantum computing, will be at the forefront of what IBM and MIT are hoping to achieve.

"Through the richness of this enterprise with MIT, we can study the intersection of quantum and AI," read an IBM press release.

"Both MIT and IBM have been pioneers in artificial intelligence research, and the new AI lab builds on a decade-long relationship between the two."

Share
Share

Featured Articles

Building Cyber Resilience into ‘OT in Manufacturing’ webinar

Join Acronis' webinar, Building Cyber Resilience into ‘OT in Manufacturing’, 21st September 2023

Google at 25: From a Search pioneer to AI breakthroughs

Technology Magazine explores how the tech giant went from being based in a California garage to a pioneer in technologies from AI to quantum computing

McKinsey: Nine actions for CIOs and CTOs to embrace gen AI

McKinsey identifies nine actions to help CIOs and CTOs create value, orchestrate technology and data, scale solutions, and manage risk for generative AI

OpenAI ChatGPT Enterprise tier drives digital transformation

AI & Machine Learning

Sustainability LIVE: A must-attend for technology leaders

Digital Transformation

VMware and NVIDIA to unlock generative AI for enterprises

AI & Machine Learning