IBM Designates $200 Million for Global Watson IoT-AI Collaboration Center in Munich

IBM is plugging $200 million, out of a $3 billion global investment, into the worldwide headquarters for its Watson IoT business in Munich, it said in a news release. The investment is in response to growing demand from customers looking to incorporate IoT and artificial intelligence technologies, it said Monday. The HQ will be home to cognitive IoT Collaboratories, described as hands-on industry labs where clients and partners work with 1,000 IBM researchers, engineers, developers and business experts on automotive, electronics, manufacturing, healthcare and insurance. The goal is to apply new concepts and technologies; build IoT solutions; develop and test new business models, solutions and services; and “push the boundaries of what is possible with IoT,” said IBM.