Wednesday, January 08, 2014

“Watson, Find Me Some Alpha!”

Watson, IBM's eager-to-learn computer, was a winner playing "Jeopardy." Making big money in the business world is proving more difficult, reports the WSJ. Watson's possible career paths include health care and wealth management:
IBM is developing versions of Watson that can match cancer patients to clinical drug trials or recommend an investment strategy after reviewing a customer's portfolio.*** 
Citigroup Inc. has been collaborating with IBM since March 2012 to develop a version of Watson that can recommend financial products to consumers. It hasn't been launched yet.
IBM hopes Watson can earn $1 billion a year. That's a lot of Alpha.

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