IBM is joining forces with MIT to establish a new lab dedicated to fundamental AI research, reports the AP. The new lab will focus on, “advancing the hardware, software and algorithms used for artificial intelligence. It also will tackle some of the economic and ethical implications of intelligent machines and look at its commercial application.”
IBM has invested $240 million to develop a new AI research lab with MIT, reports Jing Cao for Bloomberg News. “The MIT-IBM Watson AI Lab will fund projects in four broad areas, including creating better hardware to handle complex computations and figuring out applications of AI in specific industries,” Cao explains.
CNBC reporter Jordan Novet writes that MIT and IBM have established a new lab to pursue fundamental AI research. Novet notes that MIT, “was home to one of the first AI labs and continues to be well regarded as a place to do work in the sector.”
Boston Globe reporter Andy Rosen writes that MIT and IBM have established a new AI research lab. “It’s amazing that we have a company that’s also interested in the fundamental research,” explains Anantha Chandrakasan, dean of the School of Engineering. “That’s very basic research that may not be in a product next year, but provides very important insights.”
Writing for Fortune, Barb Darrow highlights how IBM has committed $240 million to establish a new joint AI lab with MIT. Darrow explains that, “the resulting MIT–IBM Watson AI Lab will focus on a handful of key AI areas including the development of new 'deep learning' algorithms.”
Aaron Schrank reports for Marketplace that the textile industry is experiencing a revival as it creates more technologically advanced fabrics. Schrank highlights the Advanced Functional Fabrics of America (AFFOA) Institute, led by Prof. Yoel Fink, where researchers have developed programmable backpacks that should be able to “send you an email when they get lost."
New Scientist reporter Aylin Woodward writes MIT researchers used the MIT Bitcoin Project, which provided freshman access to bitcoin, as an opportunity to examine early-adoption behaviors. The study shows that if you make “early adopters feel special…their resulting enthusiasm seems to help technology go viral.”
This CNN video highlights the new programmable backpack unveiled during the grand opening of the AFFOA headquarters in Cambridge. MIT alumnus Tairan Wang, COO of AFFOA, explains that the backpack is made with a programmable fabric that allows users to share information. The technology addresses how people initially connect, Wang explains.
The launch of the AFFOA headquarters featured demos of two new smart fabrics, including a programmable backpack and fabric that uses LED lights to stream information to the wearer, writes Donna Goodison for the Boston Herald. Prof. Yoel Fink, AFFOA’s CEO, explains that, “the way to changing what fabrics are involves changing what fibers are.”
Boston Globe reporter Hiawatha Bray writes that at the launch of the AFFOA headquarters, researchers unveiled smart fabrics that can send messages, tune in audio signals and more. Bray writes that Prof. Yoel Fink, CEO of AFFOA, explained that “because the new fibers can process data like a computer…engineers will be able to develop an endless array of ways to use it.”
Zeninjor Enwemeka reports for WBUR on the opening of the Advanced Functional Fabrics of America (AFFOA) headquarters, during which the center’s first fabric products were unveiled. Enwemeka explains the, “big idea here is to develop fabrics that provide services. The folks at AFFOA think fabrics are the next software.”
In an article for The Epoch Times, Emel Akpan highlights how The Engine is focused on supporting startups in fields that require time and patient capital. “We have a focus on tough tech,” explains Katie Rae, CEO and president of The Engine. “We think that’s where the resources are limited. But the opportunities can have a lot of impact.”
Reuters reporter Gertrude Chavez-Dreyfuss writes that researchers from the MIT Media Lab will be collaborating with the Toyota Research Institute on exploring the use of blockchain technology to aid in the development of driverless cars. Chavez-Dreyfuss writes that the project is aimed at enabling “businesses and consumers to securely share data on testing and driving.”
Writing for The Wall Street Journal about businesses investing in green power, Brian Baskin highlights how MIT joined forces with two Boston-based organizations to buy power from a solar farm in North Carolina. “We saw it as an opportunity where we could set an example,” says Joe Higgins, MIT's director of infrastructure business operations.
Wall Street Journal reporter James Hagerty writes about the life and legacy of Henri Termeer, a life member of the MIT Corporation known for his work as a pioneering leader in the field of biotechnology.