IBM's Watson gets its own business

| Friday, Jan. 10, 2014, 12:01 a.m.

One of the most famous “Jeopardy!” champs of all time is moving to Manhattan.

No, it's not Ken Jennings.

IBM announced on Thursday that it's investing more than $1 billion to give its Watson cloud computing system its own business division and a home in the heart of New York City.

The Armonk, N.Y.-based computing company said the new business unit will be dedicated to the development and commercialization of the project that gained fame by defeating a pair of “Jeopardy!” champions, including 74-time winner Jennings, in 2011.

In the years since Watson's TV appearance, IBM has been developing the computing system for more practical purposes and changed it to a cloud-based service. Its massive analytical capabilities are used in industries ranging from health care to banking.

IBM said Watson is unique because it isn't programed like traditional computers. Instead, it learns from its experiences and factors that information into its operations.

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