Filed under: News
Jan 9 2014, 7:36am CST | by Associated Press
NEW YORK (AP) — One of the most famous "Jeopardy!" champs of all time is moving to Manhattan.
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.
In the years since Watson's TV appearance, IBM has been developing the supercomputer for more practical purposes and changed it to a cloud-based service. Its massive data-crunching capabilities are currently being used in industries ranging from health care to banking.
As part of its investment, IBM is building a new headquarters for the business on the edge of New York City's East Village near New York University and other technology companies. About $100 million will go toward investing in startup companies that are building apps to be run through Watson.
Michael Rhodin, a long-time IBM executive named to lead the new business, said the move marks the start of a new era for IBM and the new headquarters is meant to be a departure from the project's current research facility's sleepier surroundings about 40 miles north of the city in Yorktown Heights, N.Y.
Bree Fowler can be reached at http://twitter.com/APBreeFowler
Source: The Edge Singapore
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