A BMW i8 plug-in hybrid automobile, manufactured by Bayerische Motoren Werke AG (BMW), sits outside the International Business Machines Corp. (IBM) Watson cognitive computing platform Internet of Things (IoT) center in Munich, Germany, on Thursday, Aug. 10, 2017. IBM is revamping its Global Technology Services division, which helps customers run their computer networks, to rely more heavily on artificial intelligence. Photographer: Andreas Arnold/Bloomberg
IBM will spend US$240mil (RM1.01bil) over 10 years to develop an artificial intelligence research lab with the Massachusetts Institute of Technology, pooling the organisations’ resources as competition intensifies to produce breakthroughs in the field.
The MIT-IBM Watson AI Lab will fund projects in four broad areas, including creating better hardware to handle complex computations and figuring out applications of AI in specific industries, the Armonk, New York-based company said in a statement.
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