-------- Original message --------
From: Seeking Alpha
Date:05/19/2014 6:54 PM (GMT-05:00)
To: mainandwall@hotmail.com
Subject: IBM: IBM buys startup to give Watson "depth of personality"
IBM buys startup to give Watson "depth of personality" • 6:52 PM
- IBM has bought Cognea, a startup developing virtual assistants that interact with users via A.I.-based personalities. Terms are undisclosed.
- Big Blue plans to integrate Cognea's technology with its Watson A.I. hardware/software, with the goal of allowing Watson to deliver "conversational services." Potential end-markets mentioned by the company include "virtual personal assistants, health coaches, companions for elderly people, investment advisors, tutors, travel agents, customer care agents and shopping advisors."
- Google (Now), Apple (Siri), Nuance (Dragon Mobile), and Microsoft (Cortana) are few of the companies that have already made big investments in virtual assistant platforms.
- IBM, hungry to halt double-digit server revenue declines, promised to invest over $1B in Watson in January, including $100M in startups working on software/services for Watson systems. But while the company is hoping Watson produces $10B/year in revenue in ten years, the platform had only produced $100M in revenue as of last October.
IBM price at time of publication: $187.00. Check IBM price now »
Was this email forwarded to you? Learn more about Seeking Alpha Alerts here »
Focus Articles on IBM
- IBM: Cheap, But The Chart And Cloud Exposure Are Concerning by Brian Grosso
- IBM Shows Robust Growth In Cloud: Does It Matter? by Sarfaraz A. Khan
- IBM Will Gain From Its Shift Towards New Tech Trends by Matt Hahn
More News on IBM
- IBM -2% as $20 EPS target outweighed by cash flow questions May 14, 3:48 PM ET (Seeking Alpha)
- Your first trade for Tuesday May 19, 1:16 PM ET (CNBC)
- Your first trade for Monday May 16, 2:03 PM ET (CNBC)
Press Releases on IBM
- IBM Research Sets New Record for Storing Massive Amounts of Big Data (PR Newswire)
- Study Finds Organizations Are Unprepared for Technology Shifts to Cloud, Analytics, Mobile and Social Computing (PR Newswire)
- IBM Study: Organizations Unprepared to Tackle Next Wave of Technology Trends (PR Newswire)
Related Articles on IBM
- Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q1 2014 Update by John Vincent
- Growth Is The Question, Answer, Problem, And Solution For CA, Inc. by Stephen Simpson, CFA
- 3 Recession-Resistant Stocks Of The Dow by Jason Russ
StockTalk on IBM: IBM StockTalk | Twitter IBM | Twitter $IBM | IBM Instablogs
Recent Market Alerts on IBM: All news | Earnings | Dividends | M&A | On the move
Transcripts on IBM
- International Business Machines' Management Discusses Q1 2014 Results - Earnings Call Transcript by SA Transcripts
- International Business Machines' Management Discusses Q4 2013 Results - Earnings Call Transcript by SA Transcripts
- International Business Machines' Management Presents at 2013 Credit Suisse Technology Conference (Transcript) by SA Transcripts
Why are you receiving this? You subscribed to real-time News alerts at Seeking Alpha.
If this email was forwarded to you and you wish to receive this email directly, click here.
Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following IBM: unsubscribe from all IBM email alerts
This type of alert isn't helpful to me: unsubscribe from Breaking News alerts on IBM
To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.
Prices in this email are BATS Last Sale quotes.
Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001