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
1/10/2014 9:41:43 AM
who says something like it isnt already in place?
"Nowadays you can buy a CPU cheaper than the CPU fan." -- Unnamed AMD executive
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
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
Researchers Hope to Find "Exotic" Lifeforms Inside Crater of Dinosaur Killing Meteor
April 14, 2015, 8:47 PM
Mathematician's Sociological Formulation May Explain the "Hipster Paradox"
April 14, 2015, 1:13 PM
Cool Science Video: This is What a McDonald's Burger Looks Like in Your Stomach
April 7, 2015, 1:43 PM
Most Popular Articles
As iPad Sales Wane and Watch Flops, iPhone Saves Apple's Profit With Its Heroics
July 22, 2015, 6:13 PM
Editorial: Reddit Allows Itself to be Hijacked as a Hate Platform For Racist Bigots
July 21, 2015, 6:32 PM
Microsoft July 29 Windows 10 Launch: Freebies, Rollout, and What's Next
July 21, 2015, 2:40 PM
Mozilla and Facebook to Adobe: It's Time to Kill Flash
July 20, 2015, 6:30 PM
Google Scores Bizarre Court Win as Disgruntled Android Users' Lawyers Ruin Case
July 16, 2015, 5:58 PM
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 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information