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International Business Machines Corp to invest $1 bln to create new business unit for Watson-Reuters


Thursday, 9 Jan 2014 02:14am EST 

International Business Machines Corp:Says it will invest more than $1 billion to establish a new business unit for Watson, as the tech giant hopes to get more revenue from the supercomputer system that beat humans on the television quiz show Jeopardy-Reuters.The unit will have about 2,000 employees and will be based in New York city.Under the Watson Group, IBM will offer the technology, which is delivered over the cloud and can power new consumer and enterprise apps, to businesses and industries as well as to consumers. 

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190.41
-0.82 -0.43%
22 Aug 2014