Thursday, January 23, 2014

IBM $1 Billion Watson investment

IBM Invests $1 Billion to Grow Watson Supercomputer's Struggling Business - IEEE Spectrum:

The IBM Watson business unit has generated less than $100 million so far. But the slow start has not stopped IBM from aggressively investing in Watson as a cornerstone of its future business. The company recently announced it is investing more than $1 billion in its Watson business unit and setting up a $100-million venture capital fund to encourage apps built on Watson's technology.

...(with) target of having Watson generate $10 billion in annual revenue within 10 years...

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