IBM has reportedly announced that it will invest one billion dollars in creating a new division for its Jeopardy TV quiz show-winning Watson supercomputer. Also Read - Arvind Krishna will take over as CEO of IBM, James Whitehurst to be President
Watson, named after former IBM president Thomas Watson, beat its human rivals in the US TV quiz show, Jeopardy in 2011. According to the BBC, the investment includes a 100million dollars fund to boost innovation around Watson-related developer apps. Former senior vice president of the IBM’s software solutions group, Michael Rhodin, would run the new division for the supercomputer.
IBM said that the investment comes in response to a growing demand for cognitive computing, a more intuitive, human-centric form of artificial intelligence that understands the nuances and complexities of language and can learn from experience and new evidence.
Experts believe that healthcare professionals are likely to access Watson’s huge database when using diagnostic equipment linked wireless to smartphones and other mobile devices. The report added that investment bank Credit Agricole predicted that Watson spin-offs could account for more than 12 percent of IBM’s total revenue by 2018.