Partnerships | The Knowledge Dynasty


IBM and MIT pen 10-year, $240M AI research partnership

IBM and MIT came together today to sign a 10-year, $240 million partnership agreement that establishes the MIT-IBM Watson AI Lab at the prestigious Cambridge, MA academic institution.

The lab will be co-chaired by Dario Gil, IBM Research VP of AI and Anantha P. Chandrakasan, dean of MIT’s School of Engineering.

Big Blue intends to invest $240 million into the lab where IBM researchers and MIT students and faculty will work side by side to conduct advanced AI research. As to what happens to the IP that the partnership produces, the sides were a bit murky about that.

This much we know: MIT plans to publish papers related to the research, while the two parties plan to open source a good part of the code. Some of the IP will end up inside IBM products and services. MIT hopes to generate some AI-based startups as part of the deal too.

“The core mission of joint lab is to bring together MIT scientists and IBM [researchers] to shape the future of AI and push the frontiers of science,” IBM’s Gil told TechCrunch.

To that end, the two parties plan to put out requests to IBM scientists and the MIT student community to submit ideas for joint research. To narrow the focus of what could be a broad endeavor, they have established a number of principles to guide the research.

This includes developing AI algorithms with goal of getting beyond specific applications for neural-based deep learning networks and finding more generalized ways to solve complex problems in the enterprise.

Secondly, they hope to harness the power of machine learning with quantum computing, an area that IBM is working hard to develop right now. There is tremendous potential for AI to drive the development of quantum computing and conversely for quantum computing and the computing power it brings to drive the development of AI.

With IBM’s Watson Security and Healthcare divisions located right down the street from MIT in Kendall Square, the two parties have agreed to concentrate on these two industry verticals in their work. Finally, the two teams plan to work together to help understand the social and economic impact of AI in society, which as we have seen has already proven to be considerable.

While this is a big deal for both MIT and IBM, Chandrakasan made clear that the lab is but one piece of a broader campus-wide AI initiative. Still, the two sides hope the new partnership will eventually yield a number of research and commercial breakthroughs that will lead to new businesses both inside IBM and in the Massachusetts startup community, particularly in the healthcare and cybersecurity areas.

Read more:

Agreements & Partnerships, a Key Strategy Adopted by Leading Market Players to Foster their Growth in the Global Oncology Information System Market – MarketsandMarkets

(PRWEB) April 14, 2015

The global oncology information system market is estimated to grow at a CAGR of 8.5% from 2014 to 2019. Although mature markets such as the U.S., the U.K. and Germany hold larger shares in the oncology information system market in 2014, the Asia-Pacific region is poised to grow at the highest CAGR of 11.5% in the next five years. Factors such as increasing government initiatives for modernization of healthcare infrastructure, growing patient population and rising focus of international and domestic players in the Asia-Pacific region are propelling growth in this market.

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Growth of the oncology information system market is driven by factors such as rapidly aging population, rising number of cancer cases and increasing focus on the development of technologically advanced OIS across the globe. However, factors such as high maintenance and service expenses and dearth of healthcare IT professionals are restraining the growth of this market. Moreover, emerging markets (such as China and India), strategic acquisitions and multi-year contracts and agreements offer significant opportunities for growth of the oncology information system market.

In this report, the global oncology information system market has been segmented on the basis of product and services [software (patient information systems and treatment planning systems) and professional services (consulting, implementation, post-sale & maintenance and training)], application (medical, radiation and surgical oncology) and end user (hospitals & physician’s offices, governmental institutions and research centers). The patient information systems segment is estimated to account for the largest share of the global oncology information system market in 2014, followed by the treatment planning systems market. Factors such as new product launches, technological advancements and increasing adoption of OIS for cancer care are stimulating the growth of the patient information systems market.    

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Geographically, North America (comprising the U.S. and Canada) commands the largest share of 42.8% of the global oncology information system market in 2014, followed by Europe. The North American oncology information system market is primarily driven by various factors such as growth in aging population, high prevalence of cancer cases and high adoption rate of technologically advanced devices in North American countries. However, unfavorable healthcare reforms in the U.S. constraints the growth of the oncology information system market in this region.

The global oncology information system market is highly competitive, with a large number of global and local players. As of 2013, the global oncology information system market was dominated by Elekta AB (Sweden) and Varian Medical Systems, Inc. (U.S.) which together accounted for ~80% of the market. Agreements and partnerships; development of technologically advanced OIS; and strategic acquisitions are major strategies adopted by the market players to achieve growth in the oncology information system market.    

Browse Related Reports:

Radiation Dose Management Market by Product (Dose Tracking, Monitoring and Analytics Software, Consulting Services), by Application (Computed Tomography, Angiography, Fluoroscopy), by End User (Hospitals, Diagnostic Centers) – Global Forecasts to 2020

Veterinary Diagnostics Market by Products (Clinical Chemistry, Hematology Analyzers, Molecular Diagnostics, Immunodiagnostics, Diagnostics Imaging), by Animals (Companion, Food-producing, Dog, Livestock, Poultry, Swine) – Global Forecast to 2018

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Related Chemistry Press Releases

Today, Sustainability Partnerships Launches Social Media CrowdFunding Cooperative with Live Radio, Chat, Jobs, Events & Road Shows with a Green Earth & Green Space Focus

Los Angeles, California (PRWEB) March 19, 2015

Sustainability Partnerships and are free and consist of green projects and visionaries dedicated to help each other get funded and reach 1 billion people. The idea behind their collective efforts is to focus diverse communications specialties on one project at a time to increase the possibilities of bringing one project to fruition rather than focusing on twenty projects, thereby increasing the chance of failure.

The main reason for SustainabilityPartnerships’ approach is that most people are overwhelmed and do not understand the complexities of launching a comprehensive and successful crowdfunding campaign. Gary O. Shelton Consulting says, “Crowdfunding is the new normal for small business finance” and states publicly that there exists “five key factors for a successful crowdfunding campaign: develop a pre-campaign launch plan (3-6 months), build a social media crowd before launch, develop a project break-even (all-in) cost point, try to link to a non-profit cause, and familiarize the crowd with the plan.”

Anyone can submit a project for crowdfunding and do it all alone. Yet CPSP is where green projects sign up for team support to reach 1 Billion people and get funded easier. While success rates for other sites are not publicly known, Kickstarter reportedly has a success rate of about 45 percent. Among crowdfunded projects, failures happen by large amounts and successes by small amounts. Successful campaigns only modestly exceed their goal — about half receive 10 percent or less over their goal. In contrast, the average pledges to failed projects amount to only about 10 percent of their goal. Only 10 percent of failed campaigns reach 30 percent of their goal, and only 3 percent reach half of their goal. Interestingly, once a project crosses half of their goal, they have a 95 percent chance of success.

Cooperative Platform of Sustainability Partnerships brings together campaign teams with various niches in marketing and public relations to help project owners plan better and reach more people more effectively. The teams also help project owners by utilizing the various tools and resources within the social media crowdfunding cooperative such as live chat, live radio shows, diverse funding programs, road shows and like-minded events.

The office is in Los Angeles, California, while the campaign teams are international. They meet on Saturday mornings via conference calls. Once a project is funded, the team moves on to help fund the next project. All green projects and visionaries are invited and can participate by clicking here.

This year, the Cooperative Platform of Sustainability Partnerships will share a booth at Earth Day, Space Tech Expo, Sustainatopia with the honorable Professor Alan Tratner — who helped form EarthDay, a staff member of Environmental Quality Magazine, participated in the first United Nations Conference on the Human Environment in Stockholm, Sweden, in 1972, who founded the Environmental Education Group with its historic and current core projects of Green2Gold, FD3 World Helping Projects, TechBrew events and “Cashing In on the Green Economy”, co-sponsor of the Clean Business Investment Summit and was a former professor of environment and energy — was honored by the highest recognition bestowed by the International Green Industry Hall of Fame for Lifetime Achievement, in two days of annual ceremonies at California State University-Fresno last Thursday and Friday.

Other participants include undefeated World Champion Benny “The Jet” Urquidez, film producer of “Stolen Path” Goldie Smitlener, Contagus: a sustainability smart phone GPS APP for discounts & fundraising, Randidesigns community eco-green community redevelopment, Joyce Banks’ bio-dynamic organic grown foods, David Brown’ free energy project, Abin and The PsychoBillies is dedicated to the research and development of worker owned cooperative economics in community development. Based on democratic economics, (one worker one vote), and environmentally safe business practices. Through art and music they promote solutions to the local and global problems including green and safe energy. The Rainbow Medicine Show has a long 27 year history including a media for peace event with Ralph Nader that helped to close the Maine Yankee Nuclear Power Plant with the Maine Greens in 1997

Media Contact:

Christopher Link at 310.598-0316


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