The renowned Massachusetts Institute of Technology and the company IBM are setting up a joint laboratory for artificial intelligence: the MIT-IBM Watson AI Lab is to carry out basic research and develop concrete technologies with the help of physicists, economists, and computer developers.
IBM will contribute 240 million dollars to the cooperation between the company and the university for the next ten years, reports VentureBeat. Both institutions will hire researchers for the new laboratory, which will jointly carry out research in four areas that have been identified as relevant for the future with AI.
The research areas of MIT-IBM Watson AI Lab include, in practical application, the development of new AI algorithms and the use of physical research for new hardware in this area, especially in quantum computing. In more theoretical future studies, the application possibilities of AI in specific industrial areas as well as the possible effects of this technology on society are to be investigated.
The research of AI should be useful to both partners and is not the first collaboration between MIT and IBM in this area. Last year, IBM and the MIT Department of Brain and Cognitive Sciences published a joint study on image recognition by AI. The results of the new laboratory are to be partly made available to the world but partly also in commercial products from IBM.
Unlike other AI labs, such as Google’s Deepmind and the OpenAI non-profit project launched by Elon Musk, Microsoft, Amazon and other investors, IBM’s Watson AI Lab is more interdisciplinary.