IBM is planning to spend $240 million over the next decade to create an artificial intelligence research lab at MIT. Massachusetts Institute of Technology on Thursday announced the formation of the new MIT-IBM Watson AI Lab. It will support joint research by IBM and MIT scientists. Its mission will include advancing the hardware, software and algorithms used for artificial intelligence. It also will tackle some of the economic and ethical implications of intelligent machines and look at its commercial application for industries ranging from health care to cybersecurity. MIT President L. Rafael Reif says the new AI lab builds on a decadeslong research relationship between IBM and MIT. It will be based at the university and IBM's nearby research center in Cambridge, Massachusetts.

BOSTON-- IBM is planning to spend $240 million over the next decade to create an artificial intelligence research lab at MIT. Massachusetts Institute of Technology on Thursday announced the formation of the new MIT-IBM Watson AI Lab. It will support joint research by IBM and MIT scientists. Its mission will include advancing the hardware, software and algorithms used for artificial intelligence. It also will tackle some of the economic and ethical implications of intelligent machines and look at its commercial application for industries ranging from health care to cybersecurity. MIT President L. Rafael Reif says the new AI lab builds on a decadeslong research relationship between IBM and MIT. It will be based at the university and IBM's nearby research center in Cambridge, Mass.

Its mission will include advancing the hardware, software and algorithms used for artificial intelligence. It also will tackle some of the economic and ethical implications of intelligent machines and look at its commercial application for industries ranging from health care to cybersecurity.

When you see or hear something happen, you can instantly describe it: "a girl in a blue shirt caught a ball thrown by a baseball player," or "a dog runs along the beach." It's a simple task for us, but an immensely hard one for computers -- fortunately, IBM and MIT are partnering up to see what they can do about making it a little easier. The new IBM-MIT Laboratory for Brain-inspired Multimedia Machine Comprehension -- we'll just call it BM3C -- is a multi-year collaboration between the two organizations that will be looking specifically at the problem of computer vision and audition. Note: This article previously stated that "no money is changing hands," but this is not quite the case. While IBM declined to provide specific financial details, these academic partnerships do involve varying amounts of funding and sharing access to resources and personnel on both sides.

IBM and the Massachusetts Institute Technology (MIT) are teaming up to advance the development of machine vision using insights from the brain and cognitive research. The multi-year partnership will see IBM Research collaborate with MIT's Department of Brain & Cognitive Sciences (BCS) to advance frontiers of artificial intelligence in real-world audio-visual comprehension technologies. The organisations are building a research laboratory for brain-inspired multimedia machine comprehension (BM3C) in Cambridge, Massachusetts. Together they plan to develop cognitive computing systems that mimic the human ability to understand and integrate input from several sources for use in various computer applications in industries like healthcare, education, and entertainment. MIT researchers will work with IBM scientists and engineers, who will offer technology expertise and advances from the IBM Watson platform.

When you see or hear something happen, you can instantly describe it: "a girl in a blue shirt caught a ball thrown by a baseball player," or "a dog runs along the beach." It's a simple task for us, but an immensely hard one for computers -- fortunately, IBM and MIT are partnering up to see what they can do about making it a little easier. The new IBM-MIT Laboratory for Brain-inspired Multimedia Machine Comprehension -- we'll just call it BM3C -- is a multi-year collaboration between the two organizations that will be looking specifically at the problem of computer vision and audition. The problem of computer vision spans multiple disciplines, so it has to be attacked from multiple directions. Say your camera is good enough to track objects minutely -- what good is it if you don't know how to separate objects from their background?

When you see or hear something happen, you can instantly describe it: "a girl in a blue shirt caught a ball thrown by a baseball player," or "a dog runs along the beach." It's a simple task for us, but an immensely hard one for computers -- fortunately, IBM and MIT are partnering up to see what they can do about making it a little easier. The new IBM-MIT Laboratory for Brain-inspired Multimedia Machine Comprehension -- we'll just call it BM3C -- is a multi-year collaboration between the two organizations that will be looking specifically at the problem of computer vision and audition. The problem of computer vision spans multiple disciplines, so it has to be attacked from multiple directions. Say your camera is good enough to track objects minutely -- what good is it if you don't know how to separate objects from their background?