Wal-Mart Rejected by Delaware Supreme Court
Wal-Mart Rejected by Delaware Supreme Court
Petition Filed Against Partners HealthCare System Takeover
Petition Filed Against Partners HealthCare System Takeover
Sale of East Hampton Mansion Ignites Legal Battle
Sale of East Hampton Mansion Ignites Legal Battle
ExxonMobil Accused of Unlawful Discrimination in Hiring by LGBT Rights Group
ExxonMobil Accused of Unlawful Discrimination in Hiring by LGBT Rights...
Job Listings

IBM Investing $1 Billion in its Watson Computing Company

On Thursday IBM publicized it’s investing over $1 billion on it’s own Watson cloud computing business and giving it a new home in New York City. The computer company based in Armonk, New York, said the new business unit will adhere to the development and commercialization of the project.

The Watson project defeated a pair of champions on the game show “Jeopardy!” including a 74- time winner Ken Jennings in 2011. Since then, IBM is developing the computing system and changed it to a cloud based service. It is now being used in health care and banking. Watson is a rare computer, it learns from it’s past experiences and processes the information into it’s future operations. Or I other words- it is learning, using various neural net and artificial intelligence systems. 

Watson is built for a world where big data is transforming every industry and every profession, IBM CEO Ginni Rometty said. ” Watson does more than find the needle in the haystack, it understands the haystack. It understands context.” she said.

Leading the new business, is long time executive at IBM, Michael Rhodin. “The millennial generation gets this, they understand that is,” Rhodin said “This is a departure. It’s a statement on our part.” Customers and start-up companies will be looking to appropriate Watson’s capabilities.



Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!


Image Credit: ABC

Did you like this? Share it:
IBM Investing $1 Billion in its Watson Computing Company by

Tagged: , ,

Jaan Posted by on January 9, 2014. Filed under Business News,Home. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Capital Markets Counsel 3 Attorney
USA-NC-Charlotte

Wells Fargo & Company, a diversified financial services company, is seeking an experienced capital markets Attorney to join its Law Department in its Charlotte, NC office. The individual selected...