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?
"When an individual makes a copy of a song for himself, I suppose we can say he stole a song." -- Sony BMG attorney Jennifer Pariser
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
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
Fraud Artist Engineered Stunning UK Jailbreak Via Typosquatting, Email
April 4, 2015, 2:57 PM
Food Chemists at Italy's Barilla Claim to Have Perfect Instant Noodles w/out Frying
March 26, 2015, 4:25 PM
Most Popular Articles
HBO to VPN HBO Now Users: Prove You Live in U.S. or We Will Terminate You
April 21, 2015, 12:17 PM
Quick Note: Lady Macbath -- One Japanese Woman's Apple Themed Revenge
April 23, 2015, 11:47 AM
Even Hillary Clinton Was Addicted to Nintendo Gameboy
April 21, 2015, 10:30 PM
Colorado Man Cited for "Killing His Computer" With a Handgun
April 22, 2015, 1:06 PM
AMD CEO: Windows 10 Will Launch at "The End of July"
April 20, 2015, 7:24 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