IBM Betting $1 Billion on Watson Supercomputer with New Business Unit
January 9, 2014 12:49 PM
comment(s) - last by
The new unit will be located in New York City and will have 2,000 employees
Citing strong demand for cognitive computing, IBM has decided to create a new business unit specifically for its Watson supercomputer.
, the new unit will be called the IBM Watson Group and will be headed by Michael Rhodin, who was senior vice president of IBM's software solutions group.
IBM will be pouring $1 billion into the new unit, with $100 million of it as an equity fund to up innovation at Watson Developers Cloud.
The new unit will be located in New York City and will have 2,000 employees.
described the new venture as transforming Watson into a "Siri for business." Users will be able to ask Watson questions, such as medical diagnoses for diseases or the potential result of certain business decisions, and Watson will be able to give answers right away based on the specific set of parameters.
IBM will reengineer Watson to be deployed on Softlayer, which is the cloud computing firm IBM acquired for $2 billion last year.
"We have reached the inflection point where the interest is overwhelming and we recognized we need to move faster," said Stephen Gold, vice president of Watson Business.
Back in November, it was announced that IBM launched
"IBM Watson Developers Cloud,"
which provides app developers with an API and developer kit for the creation of third-party apps for Watson. The aim is to make apps that make use of Watson's cognitive computing abilities.
A month before that, IBM announced
two new Watson projects
aimed to specifically help the medical sector: “WatsonPaths” and “Watson EMR Assistant." WatsonPaths shows Watson's course of thinking -- from the initial question to how it arrives at an answer -- and aims to help medical professionals look at new ways of consuming medical information and thinking to arrive at the best treatment options. As for Watson EMR Assistant, it allows for a quicker and more thorough understanding of a patient’s electronic medical records.
For those who need a refresher, Watson is the supercomputer that beat human rivals on the
TV show "Jeopardy"
back in 2011. Watson has since worked in other fields like medicine and banking to offer better customer service.
This article is over a month old, voting and posting comments is disabled
1/9/2014 5:17:32 PM
You think I'm going to go PAY someone who's only job is to tell me what is wrong with me!? Google and the internets has completely removed the need for 12+ years of medical school. My GED and "I'm feeling lucky" is all I need!
"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain
IBM to Offer Watson Supercomputer as Cloud Development Platform
November 14, 2013, 12:00 PM
IBM Introduces Two New Watson Projects for the Medical Field
October 15, 2013, 3:06 PM
IBM Supercomputer to Compete on Jeopardy!
April 27, 2009, 12:11 PM
Creationists are Mad About Google Doodle Depicting Evolution
November 24, 2015, 8:48 PM
DHS and TSA: Whoops, We Missed That 73 Airport Employees May be Terrorists
November 19, 2015, 2:16 PM
Star Wars Spinoff Film "Rogue One", Theme Park Attractions Announced
August 17, 2015, 12:20 PM
SpaceX Falcon 9's Seventh Supply Mission to ISS Ends w/ Fiery Stage 1 Explosion
June 28, 2015, 1:10 PM
Cool Science Video: Glowing Millipede Prowls the Nevada Desert
May 18, 2015, 12:00 PM
Newly Discovered Costa Rican Glass Frog is Kermit's Doppelgänger
April 22, 2015, 11:26 AM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information