An American Multinational Technology Company IBM declared that the company is planning to invest $240 million to establish the MIT–IBM Watson AI Lab in partnership with MIT. The new lab will operate on the fundamental artificial intelligence research as well as it tries to push logical achievements that open the capability of AI.
The joint efforts intend to propel AI equipment as well as the programming and calculations identified with profound learning and different zones. Impact of AI on several industries explores the economic as well as ethical implications of AI on society. The investment of $240 million will support by MIT researcher as well as IBM.
This will be one of the biggest long-term university-industry collaborations activating more than 100 students as well as researcher and AI scientists to follow joint research at IBM’s Research Lab in Cambridge.
IBM Research VP of AI and IBM Q, Mr. Dario Gil and dignitary of MIT’s School of Engineering, Mr. Anantha P. Chandrakasan will co-led the lab. IBM and MIT intend to issue a call for a proposition to MIT analysts and IBM researchers to present their thoughts for joint research to push the limits of AI science and innovation in a few ranges.
The company looking to deliver the innovations that boost the wildernesses of AI, also the lab inspires students as well as its faculty to launch new organizations that will focus on commercializing AI innovations as well as advances that are produced at the lab. In addition, the scientist will publish their work as open source material.
IBM senior vice president, Mr. John Kelly III said, “The field of artificial intelligence has experienced incredible growth and progress over the past decade. Yet today’s AI systems, as remarkable as they are, will require new innovations to tackle increasingly difficult real-world problems to improve our work and lives”.
Further, he added, “The extremely broad and deep technical capabilities and talent at MIT and IBM are unmatched, and will lead the field of AI for at least the next decade”.
MIT President, L. Rafael Reif said, “I am delighted by this new collaboration”. Further, L. Rafael Reif added, “True breakthroughs are often the result of fresh thinking inspired by new kinds of research teams. The combined MIT and IBM talent dedicated to this new effort will bring formidable power to a field with the staggering potential to advance knowledge and help solve important challenges”.