IBM announced a 10-year, $240 million investment to create the MIT–IBM Watson AI Lab in partnership with MIT.
The MIT–IBM Watson AI Lab aims to advance AI hardware, software and algorithms related to deep learning and other areas, increase AI’s impact on industries, such as health care and cybersecurity, and explore the economic and ethical implications of AI on society.
The lab will be co-chaired by IBM Research VP of AI and IBM Q, Dario Gil, and Anantha P. Chandrakasan, dean of MIT’s School of Engineering.
"The field of artificial intelligence has experienced incredible growth and progress over the past decade. Yet today’s AI systems, as remarkable as they are, will require new innovations to tackle increasingly difficult real-world problems to improve our work and lives,” said Dr. John Kelly III, IBM senior vice president, Cognitive Solutions and Research. “The extremely broad and deep technical capabilities and talent at MIT and IBM are unmatched, and will lead the field of AI for at least the next decade."
“I am delighted by this new collaboration,” says MIT President L. Rafael Reif. “True breakthroughs are often the result of fresh thinking inspired by new kinds of research teams. The combined MIT and IBM talent dedicated to this new effort will bring formidable power to a field with staggering potential to advance knowledge and help solve important challenges.”
http://www-03.ibm.com/press/us/en/pressrelease/53091.wss
