IBM (International Business Machines Corporation) is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. The company originated in 1911 as the Computing-Tabulating-Recording Company (CTR) and was renamed “International Business Machines” in 1924.
IBM and Artificial Intelligence – IBM Watson Group
On January 9, 2014, IBM announced it was creating a business unit around Watson, led by senior vice president Michael Rhodin. IBM Watson Group will have headquarters in New York’s Silicon Alley and will employ 2,000 people. IBM has invested $1 billion to get the division going. Watson Group will develop three new cloud-delivered services: Watson Discovery Advisor, Watson Engagement Advisor, and Watson Explorer. Watson Discovery Advisor will focus on research and development projects in pharmaceutical industry, publishing, and biotechnology, Watson Engagement Advisor will focus on self-service applications using insights on the basis of natural language questions posed by business users, and Watson Explorer will focus on helping enterprise users uncover and share data-driven insights based on federated search more easily. The company is also launching a $100 million venture fund to spur application development for “cognitive” applications. According to IBM, the cloud-delivered enterprise-ready Watson has seen its speed increase 24 times over—a 2,300 percent improvement in performance and its physical size shrank by 90 percent—from the size of a master bedroom to three stacked pizza boxes. IBM CEO Virginia Rometty said she wants Watson to generate $10 billion in annual revenue within ten years. On 20th September 2017, Anantha Chandrakasan, dean of the MIT School of Engineering announced Antonio Torralba as the MIT director of the MIT-IBM Watson AI Lab.