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 …

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 …