MIT, IBM set up a joint research lab for Artificial Intelligence

Massachusetts Institute of Technology (MIT) and IBM on Thursday announced a new joint collaboration for research in the field of Artificial Intelligence (AI). The new MIT-IBM Watson AI Lab will support joint research by IBM and MIT scientists. IBM is planning to spend $240 million over the next decade to create the artificial intelligence research lab at MIT. Its mission will include 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…

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Taxi-sharing could end traffic jams, suggests MIT study

Taxi-sharing services could reduce the number of cars on the road by 75%, a study has suggested. The Massachusetts Institute of Technology (MIT) study found that a fleet of 3,000 four-passenger taxis could do the same job as the current fleet of 13,000 yellow cabs in New York City. But it would mean that people would have to travel with strangers. The study was based on data from 3 million taxi rides. Most experts looking at our urban future agree that there is a real need to do something about…

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