IBM to Make $240M Investment to Create MIT–IBM Watson AI Lab

▤ Summary

IBM and MIT plan to issue a call for proposals to MIT researchers and IBM scientists to submit their ideas for joint research to push the boundaries in AI science and technology in several areas, including: – AI algorithms: Developing advanced algorithms to expand capabilities in machine learning and reasoning.Researchers will create AI systems that move beyond specialized tasks to tackle more complex problems, and benefit from robust, continuous learning.– Application of AI to industries: Given its location in IBM Watson Health and IBM Security headquarters and Kendall Square, a global hub of biomedical innovation, the lab will develop new applications of AI for professional use, including fields such as health care and cybersecurity.The collaboration will explore the use of AI in areas such as the security and privacy of medical data, personalization of healthcare, image analysis, and the optimum treatment paths for specific patients.The lab’s scientists also will publish their work, contribute to the release of open source material, and foster an adherence to the ethical application of AI.

▦ Linked Companies

IBM

$1B+