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Business Economy


IBM, IIT Bombay team up to accelerate AI research in India

Mumbai, Sep 12 (UNI) IBM and IIT Bombay on Wednesday announced that they will join the (Artificial Intelligence) AI Horizons Network as part of a multi-year collaboration to advance AI research in the country.
By joining the AI Horizons Network, IIT Bombay will pair its world-class faculty and top graduate students with leading AI scientists from IBM Research - India to advance and accelerate the application of AI, machine learning, natural language processing and related technologies to business and industry, a statement released here on Wednesday said.
"Teams will investigate new techniques for knowledge representation across documents, graphs, charts, and other forms of multi-media content. This area of research will be critical in helping to develop new AI applications in key industries such as financial services, retail and healthcare, which rely heavily on rich,
multi-modal content", the statement added.
"We have always had strong collaborations with the leading academic institutions in India," said Arvind Krishna, senior vice president, Hybrid Cloud and director, IBM Research.
''Through this collaboration with IIT Bombay, we aim to accelerate the pace of innovation for AI in India, working hand-in-hand with some of the top scientists and research scholars in the country,'' added Krishna.
"This partnership will enable IIT Bombay faculty to work in collaboration with researchers around the world on the frontiers of Artificial Intelligence focusing on industrially relevant problems and will provide access to large data sets. We look forward to fruitful collaboration, which will make a significant impact on the
field," said Prof. Devang Khakhar, Director, IIT Bombay.
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