1 December, 2014
IBM Invests $1B In Cloud Computing
U.S.-based computer giant IBM says it plans to invest more than $1 billion into a group focused on research and development of cloud-based cognitive applications and services for business.
The new Watson Group will be headquartered in New York City’s technology hub, near East Village, with more than 2,000 professionals who will design, develop and support the spread of the so-called cognitive computing technology.
The new technology is based on artificial intelligence, the combination of powerful computers and software that can analyze information and give answers to complex problems, such as medical diagnoses or financial transactions.
IBM says Watson understands the context, asks questions, has reason and uses algorithms to help customers make decisions.