IBM is investing $1bn in establishing a new business unit to capitalise on the cognitive computing power of its Watson technology, including $100 million in venture investments for Watson-powered apps.
IBM, a US-based computer maker, is investing $1bn in establishing a new business unit, the Watson Group, including $100 million in venture investments to support an ecosystem of entrepreneurs developing Watson-powered apps. Based in New York’s Silicon Alley, IBM Watson Group will be dedicated to the the development and commercialization of cloud-delivered cognitive innovations, leveraging off IBM’s Watson supercomputer, which uses natural language processing and analytics, and which won the television quiz show Jeopardy! nearly three years ago.
IBM states…
