London, Jan. 10 (ANI): IBM has reportedly announced that it will invest one billion dollars in creating a new division for its Jeopardy TV quiz show-winning Watson supercomputer.
Watson, named after former IBM president Thomas Watson, beat its human rivals in the US TV quiz show, Jeopardy in 2011.
According to the BBC, the investment includes a 100million dollars fund to boost innovation around Watson-related developer apps.
Former senior vice president of the IBM's software solutions group, Michael Rhodin, would run the new division for the supercomputer.
IBM said that the investment comes in response to a growing demand for cognitive computing, a more intuitive, human-centric form of artificial intelligence that understands the nuances and complexities of language and can learn from experience and new evidence.
Experts believe that healthcare professionals are likely to access Watson's huge database when using diagnostic equipment linked wirelessly to smartphones and other mobile devices.
The report added that investment bank Credit Agricole predicted that Watson spin-offs could account for more than 12 percent of IBM's total revenue by 2018. (ANI)
(c) 2014 aninews.in All rights reserved. Provided by Syndigate.info, an Albawaba.com company
Original headline: IBM to invest $1bn in creating new division for Watson supercomputer
Most Popular Stories
- Tablets, Cars Drive AT&T Gains
- 2015 Mazda MX-5 Miata Is Fast and Eager
- Small Businesses Add 3 More Worries to Their List
- DOMA Tech Adding Jobs to Process VA Claims
- Apple Warns of China iCloud Attack
- Job Hunting Is Hard Work
- Tech Firms Flock to LA's 'Silicon Beach'
- Stocks Subdued After Gains Earlier in Week
- Ford, GM Expect to Report Strong Profits
- Consumer Prices Edge Up, Surprising Economists