The computer and services giant will invest more than $1 bil to create a new division and new home for its Watson supercomputer, which gained public notice competing on the "Jeopardy" TV show. The company in recent years has developed Internet cloud applications for Watson, which is used by medical, research and financial organizations . IBM (IBM) said the machine is well-suited for emerging big data uses because it's programmed to learn and apply what it learns in future operations. IBM shares fell 0.3% to 187.38.
- Information Technology
- Watson supercomputer