IBM and MIT have inked a $240m research venture aimed at developing artificial intelligence technologies over a 10-year term.
Massachusetts Institute of Technology (MIT) and US-based technology company IBM have signed a $240m partnership agreement to set up a research laboratory for artificial intelligence (AI), according to TechCrunch.
Apart from the intellectual property (IP) reserved for IBM products, both parties hope to release some laboratory results into the open source domain. The university also expects to generate some AI spinouts.
The partnership will last for 10 years. Research goals include work on AI algorithms to explore whether systems can…
