IBM Stock Rises, Expanding Watson Technology

NEW YORK (TheStreet) — Shares of IBM  (IBM)  were increasing in mid-morning trading on Monday as the technology company is moving to commercialize its Watson artificial intelligence computer system.  IBM has invested billions of dollars and ramped up job recruitment for its Watson business unit in the hopes that it can be a major revenue source, according to the New York Times.  Watson could become a tool for companies across several industries, such as health care and retail, due to the system’s ability to analyze large amounts of data.  The company is looking to carve out a segment of the fast-growing artificial intelligence business, which is expected to expand to $47 billion by 2020 from $8 billion this year, according to the International Data Corp. Watson’s ability to read and interpret…

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