IBM has reportedly announced that it will invest one billion dollars in creating a new division for its Jeopardy TV quiz show-winning Watson supercomputer.
Watson, named after former IBM president Thomas Watson, beat its human rivals in the US TV quiz show, Jeopardy in 2011.
According to the BBC, the investment includes a 100million dollars fund to boost innovation around Watson-related developer apps.
Former senior vice president of the IBM's software solutions group, Michael Rhodin, would run the new division for the supercomputer.
IBM said that the investment comes in response to a growing demand for cognitive computing, a more intuitive, human-centric form of artificial intelligence that understands the nuances and complexities of language and can learn from experience and new evidence.
Experts believe that healthcare professionals are likely to access Watson's huge database when using diagnostic equipment linked wirelessly to smartphones and other mobile devices.
The report added that investment bank Credit Agricole predicted that Watson spin-offs could account for more than 12 percent of IBM's total revenue by 2018.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app