ibm commit
IBM commits $240 million to fund an MIT A.I. lab
IBM on Wednesday said it will spend $240 million to open a Watson-branded artificial intelligence research lab in collaboration with a long-time partner, the Massachusetts Institute of Technology. IBM has made larger financial commitments in the past. Still, the amount of money is notable in the world of AI research. MIT is no stranger to that field: The university was home to one of the first AI labs and continues to be well regarded as a place to do work in the sector. And MIT is also accustomed to working with IBM.