IBM and MIT today announced that IBM plans to make a 10-year, $240 million investment to create the MIT-IBM Watson AI Lab in partnership with MIT.

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, Massachusetts - co-located with the IBM Watson Health and IBM Security headquarters in Kendall Square - and on the neighboring MIT campus.

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, including:

• AI algorithms: Developing advanced algorithms to expand capabilities in machine learning and reasoning. Researchers will create AI systems that move beyond specialized tasks to tackle more complex problems and benefit from continuous learning. Researchers will invent new algorithms that can not only leverage big data when available, but also learn from limited data to augment human intelligence.
• Physics of AI: Investigating new AI hardware materials, devices, and architectures that will support future analog computational approaches to AI model training and deployment, as well as the intersection of quantum computing and machine learning. The latter involves using AI to help characterize and improve quantum devices, and researching the use of quantum computing to optimize and speed up machine-learning algorithms and other AI applications.
• Application of AI to industries: Given its location in IBM Watson Health and IBM Security headquarters in Kendall Square, a global hub of biomedical innovation, the lab will develop new applications of AI for professional use, including fields such as health care and cybersecurity. The collaboration will explore the use of AI in areas such as the security and privacy of medical data, personalization of health care, image analysis, and the optimum treatment paths for specific patients.
• Advancing shared prosperity through AI: The MIT-IBM Watson AI Lab will explore how AI can deliver economic and societal benefits to a broader range of people, nations, and enterprises. The lab will study the economic implications of AI and investigate how AI can improve prosperity and help individuals achieve more in their lives.