A decade ago, IBM (International Business Machine Corporation) used its AI (artificial intelligence) technology system termed Watson to beat people in the show “Jeopardy!” This showcase led to much speculation on the use of AI in other sectors, especially healthcare. Now, IBM is considering selling Watson Health. One of its featured products was intended to help providers diagnose and even cure cancer in their patients.
“IBM spent several billion dollars on acquisitions to build up Watson. Former senior IBM executive John Kelly once touted the initiative as a “bet the ranch” move. It didn’t live up to the hype. Watson Health has struggled for market share in the U.S. and abroad and currently isn’t profitable.” Read more here.
(Hernandez & Fitch, the Wall Street Journal, 2/23/21)