IBM’s Watson gets its own business
New York - One of the most famous "Jeopardy!" champs of all time is moving to Manhattan.
No, it's not Ken Jennings.
IBM announced Thursday that it's investing more than $1 billion to give its Watson cloud computing system its own business division and a new home in New York City.
The Armonk, N.Y.-based computing company said the new business unit will be dedicated to the development and commercialization of the project that first gained fame by defeating a pair of "Jeopardy!" champions, including 74-time winner Jennings, in 2011.
While still in the development phase, Watson's massive analytical capabilities are currently being used in industries ranging from health care to banking.
IBM is building the new headquarters on the edge of the East Village. It will provide a place for IBM to collaborate with clients and startup companies that are building apps for Watson. IBM will invest about $100 million in various startup companies working on Watson projects.
- Associated Press
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