ibm-and-mit-to-pursue-joint-research-in-artificial-intelligence-establish-new-mitibm-watson-ai-lab-300515317.html

IBM (NYSE: IBM) and MIT today announced that IBM plans to make a 10-year, $240 million investment to create the MIT–IBM Watson AI Lab in partnership with MIT. The new lab will be one of the largest long-term university-industry AI collaborations to date, mobilizing the talent of more than 100 AI scientists, professors, and students to pursue joint research at IBM's Research Lab in Cambridge--co-located with the IBM Watson Health and IBM Security headquarters in Kendall Square, in Cambridge, Massachusetts--and on the neighboring MIT campus. In 2016, IBM Research announced a multi-year collaboration with MIT's Department of Brain and Cognitive Sciences to advance the scientific field of machine vision, a core aspect of artificial intelligence. Currently, the Computer Science and Artificial Intelligence Laboratory, the Media Lab, the Department of Brain and Cognitive Sciences, and the MIT Institute for Data, Systems, and Society serve as connected hubs for AI and related research at MIT.