IBM Will Invest $240 Million on Joint Lab With MIT

September 8, 2017

IBM and the Massachusetts Institute of Technology announced Thursday that the company would spend $240 million on a joint lab with MIT focused on artificial intelligence. "The collaboration aims 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 explore the economic and ethical implications of AI on society," said the announcement.

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