This week's must-read stories MIT and IBM are teaming up to build a $240 million AI research lab and business incubator

IBM will invest $240 million to create the MIT–IBM Watson AI Lab in a 10-year partnership with the MIT with the goal of propelling scientific breakthroughs that unlock the potential of AI. The new lab will focus on fundamental artificial intelligence research with the aim to “advance AI hardware, software, and algorithms related to deep learning and other areas”.

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