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?
"I want people to see my movies in the best formats possible. For [Paramount] to deny people who have Blu-ray sucks!" -- Movie Director Michael Bay
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
U.S. Air Force F-35 Lightning II, F-22 Raptor Team Up for “Integration Training”
November 19, 2014, 9:15 AM
U.S. Marshals Using Fake, Airplane-based Cell Towers to Scan Cell Phones of Americans
November 14, 2014, 9:05 AM
Ford Enlists Wind Energy Corp. to Provide Wind, Solar Energy to Four U.S. Dealerships
November 10, 2014, 10:58 AM
Disney Reveals Star Wars Ep. VII Title -- "The Force Awakens"
November 6, 2014, 3:45 PM
U.S. Navy Lockheed F-35C Completes First Carrier Landing
November 4, 2014, 12:44 PM
Microsoft Co-founder Paul Allen Donates $100M to Fight Raging Ebola Epidemic
October 23, 2014, 6:05 PM
Most Popular Articles
Uber Exec Threatens to "Spend Millions" to Stalk Female Reporter and Her Family
November 19, 2014, 12:31 PM
Apple Replaces “FREE” Label with “GET” on App Downloads in iTunes App Store
November 19, 2014, 5:38 PM
Rand Paul Casts Crucial "No" Vote on Obama-Backed PATRIOT Act Renewal Bill
November 19, 2014, 5:15 PM
FTC Announces Crackdown on Computer Speedup/Tech Support Scams
November 20, 2014, 1:40 PM
Wal-Mart: Miss Thanksgiving, Get Xbox One + Master Chief Collection for $299
November 17, 2014, 9:40 PM
Latest Blog Posts
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
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information