U.S. Markets close in 4 hrs 28 mins

IBM: Why We're Spending $1B on Watson Supercomputing

IBM's Watson supercomputer, famous for its appearance on the game show Jeopardy, is now spearheading the tech giant's latest push into cloud and big data. IBM executive Mike Rhodin explains why the bellwether is spending $1 billion on its new Watson business unit, which will be based in the heart of New York's 'Silicon Alley'. Rhodin also tells TheStreet's James Rogers how IBM is extending the supercomputer's reach from healthcare to enterprise computing.