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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.
Image Credit: ABCIBM Investing $1 Billion in its Watson Computing Company by Jaan