IBM is pouring $240 million into a new AI research lab at MIT


On Thursday, IBM and the Massachusetts Institute for Technology (MIT) announced a new $240 million research center called the MIT-IBM Watson AI Lab that's focused, at least in part, on how new hardware can help energize and grow AI technologies. It's a technology that excites AI researchers because it holds the potential of far greater computing power, thanks to its ability to hold bits in multiple states at once. Machine learning, which researchers have increasingly used to train AI systems, could become even faster and more powerful with quantum computers and materials. The latter involves both using AI to help characterize and improve quantum devices, and also researching the use of quantum computing to optimize and speed up machine-learning algorithms and other AI applications," he said.