IBM invests $200M into Watson Internet of Things business unit

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IBM is doubling down on its Watson Internet of Things business unit, investing $200 million into the unit's headquarters in Munich, Germany, and new capabilities surrounding blockchain and security.

IBM's global Watson IoT headquarters in Munich will serve as the hub for organizations in various industries seeking to combine IoT and artificial intelligence technologies in their operations.

The headquarters will feature IoT Collaboratories, hands-on industry labs where clients and partners can work together with IBM researchers, engineers, developers and business experts in industries including healthcare, insurance, electronics, automotive and manufacturing.

"IBM is making tremendous strides to ensure that businesses around the world are able to take advantage of this incredible period of technological transformation and develop new products and services that really change people's lives," said Harriet Green, global head of IBM Watson's IoT business, in a statement.

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