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

The store is dead, long live the store

Alex MacPherson, Director of Solution Consulting and Account Management at Manhattan Associates, says the demise of bricks and mortar retail is premature

Fighting the Great Resignation with predictive analytics

As employers grapple with challenges brought about by the Great Resignation, could predictive analytics be the key to solving these problems?

Executive Q&A with Dr. Shu Wei Goh, COO, Skymind

Dr. Shu Wei Goh is also co-founder of the global AI ecosystem builder and VC firm, Skymind. He joins Technology Magazine for a chat about his journey

Biotech giant Benchling launch Alphafold AI from DeepMind

AI & Machine Learning

Preparing for quantum: next steps for enterprise

Enterprise IT

How to strategise as a Chief Technology Officer

Digital Transformation