IBM plans to make a 10-year, $240 million Investment in establishing Artificial Intelligence (AI) lab with MIT to advance AI hardware and software and algorithms.
The lab will carry out fundamental artificial intelligence (AI) research and seek to propel scientific breakthroughs that unlock the potential of AI. 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.
IBM’s $240 million investment in the lab will support research by IBM and MIT scientists.
The new lab will be one of the largest long-term university-industry AI collaborations to date, mobilizing the talent of more than 100 AI scientists, professors, and students to pursue joint research at IBM’s Research Lab in Cambridge—co-located with the IBM Watson Health and IBM Security headquarters in Kendall Square, in Cambridge, Massachusetts—and on the neighboring MIT campus.
The lab will be co-chaired by IBM Research VP of AI and IBM Q, Dario Gil, and Anantha P. Chandrakasan, dean of MIT’s School of Engineering.
IBM and MIT plan to issue a call for proposals to MIT researchers and IBM scientists to submit their ideas for joint research to push the boundaries in AI science and technology in several areas such as: AI Algorithms; Physics of AI; application of AI to industries; and advancing shared prosperity through AI.
In addition to IBM’s plan to produce innovations that advance the frontiers of AI, a distinct objective of the new lab is to encourage MIT faculty and students to launch companies that will focus on commercializing AI inventions and technologies that are developed at the lab. The lab’s scientists also will publish their work, contribute to the release of open source material, and foster an adherence to the ethical application of AI.
“The field of artificial intelligence has experienced incredible growth and progress over the past decade. Yet today’s AI systems, as remarkable as they are, will require new innovations to tackle increasingly difficult real-world problems to improve our work and lives,” said Dr. John Kelly III, IBM senior vice president, Cognitive Solutions and Research.
MIT President L. Rafael Reif said, “True breakthroughs are often the result of fresh thinking inspired by new kinds of research teams. The combined MIT and IBM talent dedicated to this new effort will bring formidable power to a field with staggering potential to advance knowledge and help solve important challenges.”