IBM makes a 10-year, $240M investment in artificial intelligence research at MIT

IBM is making a 10-year, $240 million investment in artificial intelligence research through a new lab it's creating in partnership with the Massachusetts Institute of Technology. The investment will support research by IBM and MIT scientists at the newly created MIT-IBM Watson AI Lab in Cambridge, Mass., the two partners announced today. "Through this collaboration, we will target innovations that will move us beyond specialized tasks to more general approaches to solving more complex problems, with the added capability of robust, continuous learning," Dario Gil, IBM Research's vice president of AI and IBM Q, said in a blog post. Gil and MIT engineering dean Anantha Chandrakasan will be co-chairs of the lab, which will bring together more than 100 AI scientists, professors and students for joint research into AI hardware and software. The aim will be to take advantage of big data and find better ways to augment human intelligence, Gil said.