IBM and MIT launch $240M AI research lab with a focus on healthcare applications

.@IBM and #MIT launch $240M #AI research lab with a focus on #healthcare applications

  • IBM and the Massachusetts Institute of Technology have inked a 10-year, $240 million deal to develop a research lab devoted entirely to artificial intelligence, with a heavy emphasis on healthcare.
  • MIT professors and students will have access to IBM’s research lab which includes IBM Watson Health and IBM Security.
  • Although the lab will broadly focus on AI’s impact across several industries, there’s a clear emphasis on how to integrate new algorithms into healthcare and cybersecurity.
  • Beyond research, MIT and IBM plan to launch new companies to commercialize AI technologies and innovations developed in the lab.
  • “The combined MIT and IBM talent dedicated to this new effort will bring formidable power to a field with staggering potential to advance knowledge and help solve important challenges.”

IBM Watson and the Massachusetts Institute of Technology have inked a 10-year, $240 million deal to develop a research lab devoted entirely to artificial intelligence, with a heavy emphasis on healthcare. Anantha Chandrakasan, the dean of MIT’s School of Engineering, said cancer care will be a particular focus.
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IBM and MIT to pursue joint research in artificial intelligence, establish new MIT–IBM Watson AI Lab

BREAKING: IBM invests $240 million to establish new AI lab w/@MIT:  @IBMResearch

  • The new lab will be one of the largest long-term university-industry AI collaborations to date, mobilizing the talent of more than 100 AI scientists, professors, and students to pursue joint research at IBM’s Research Lab in Cambridge, Massachusetts — co-located with the IBM Watson Health and IBM Security headquarters in Kendall Square — and on the neighboring MIT campus.
  • IBM and MIT plan to issue a call for proposals to MIT researchers and IBM scientists to submit their ideas for joint research to push the boundaries in AI science and technology in several areas, including:

    In addition to IBM’s plan to produce innovations that advance the frontiers of AI, a distinct objective of the new lab is to encourage MIT faculty and students to launch companies that will focus on commercializing AI inventions and technologies that are developed at the lab.

  • Both MIT and IBM have been pioneers in artificial intelligence research, and the new AI lab builds on a decades-long research relationship between the two.
  • In 2016, IBM Research announced a multiyear collaboration with MIT’s Department of Brain and Cognitive Sciences to advance the scientific field of machine vision, a core aspect of artificial intelligence.
  • Currently, the Computer Science and Artificial Intelligence Laboratory, the Media Lab, the Department of Brain and Cognitive Sciences, and the MIT Institute for Data, Systems, and Society serve as connected hubs for AI and related research at MIT.

IBM and MIT today announced that IBM plans to make a 10-year, $240 million investment to create the MIT–IBM Watson AI Lab in partnership with MIT. The lab will carry out fundamental artificial intelligence (AI) research and seek to propel scientific breakthroughs that unlock the potential of AI.

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