according to an article in The Journal News.IBM will be investing more than $1 billion to give its Watson cloud computing system its own business division and move it from Yorktown to New York City,
The new business unit will be dedicated to the development and commercialization of the project. Watson, the super computer, became famous in 2011 when it defeated a pair of "Jeopardy!" champions, including 74-time winner Ken Jennings.
According to the report, Watson is programed to learn from its past experiences and factors that information into its future operations.
As part of its investment, IBM is building a new headquarters for the business in the East Village near New York University and other technology companies. About $100 million will go toward investing in startup companies that are building apps to be run through Watson, according to the report.
To read the full report, click here.