IBM to funnel $240M into new AI lab at MIT

IBM plans to invest $240 million over the next 10 years to create a Watson-focused artificial intelligence lab in collaboration with Cambridge-based Massachusetts Institute of Technology.

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The MIT-IBM Watson AI Lab will support more than 100 scientists, professors and students in AI research related to four pillars: AI algorithms, physics of AI, application of AI to industries and “advancing shared prosperity through AI,” according to an IBM statement. Under the partnership, IBM will encourage researchers to collaborate with its research lab in Cambridge, which includes both IBM Watson Health and IBM Security headquarters.

Dario Gil, PhD, IBM’s vice president of AI and IBM Q, and Anantha P. Chandrakasan, dean of MIT’s school of engineering, will co-chair the lab.

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