IBM Invests $240 Million in Artificial Intelligence Effort at MIT

IBM Invests $240 Million in Artificial Intelligence Effort at MIT

The Massachusetts Institute of Technology has announced a ten-year, $240 million commitment from IBM to pursue research on artificial intelligence (AI) and establish a new MIT–IBM Watson AI Lab.

The investment will support IBM and MIT scientists carrying out fundamental AI research, with the goal of propelling scientific breakthroughs that unlock the field's potential. Among other things, the effort will work to advance AI hardware, software, and algorithms related to deep learning and other areas; increase AI's impact on industries such as health care and cybersecurity; and encourage the launch of companies focused on commercializing AI inventions and technologies. Lab scientists and researchers engaged in the effort also will be encouraged to explore the economic and ethical implications of articificial intelligence and will publish their work in open source formats.

The initiative promises to be one of the largest university-industry AI collaborations to date and will mobilize the talent of more than a hundred AI scientists, professors, and students at IBM's Research Lab in Cambridge, Massachusetts — where it is co-located with the IBM Watson Health and IBM Security headquarters — and on the nearby MIT campus.

"The field of artificial intelligence has experienced incredible growth and progress over the past decade. Yet today's AI systems, as remarkable as they are, will require new innovations to tackle increasingly difficult real-world problems to improve our work and lives," said John Kelly III, IBM senior vice president, Cognitive Solutions and Research. "The extremely broad and deep technical capabilities and talent at MIT and IBM are unmatched and will lead the field of AI for at least the next decade."