IBM Corp. is betting machines that can think like humans will be a big source of future revenue for the company — so much so that it created an entirely new business unit around Watson, the Jeopardy-winning system that it has made available in the cloud to power applications for everything from banking to medical research. To give some context, the last time IBM created a new business unit, it was for a new, untested idea called the personal computer.
Image: Vicki Thompson - Claudia Fan Munce, managing director for IBM's Venture Capital Group, said the company's new $100 million fund for startups using its Watson platform is aimed at accelerating adoption by getting young companies over the tough early stage development hump.
To read the original article: How IBM is using a $100M venture fund to accelerate its Watson business - Silicon Valley Business Journal
