March 7, 2012 02:23 am EDT

Cha-ching! IBM's Watson heads to Citigroup to meddle in human finances

Watson's been a busy supercomputer since it took a couple of humans to school on Jeopardy last year -- what with its stint at Columbia and a recent foray into hunting patent trolls -- and now it's taking on the financial industry. IBM and Citigroup recently announced plans to explore how America's favorite supercomputer fits into the realm of digital banking. Under the agreement, Citi will examine Watson's ability to "help analyze customer needs and process vast amounts of up-to-the-minute financial, economic, product and client data," in the hopes of providing rapid, personalized banking solutions. According to Bloomberg, Watson's financial assistance will be provided as a "cloud-based service" and will earn IBM a portion of the revenue and savings it helps generate. The full press release (which makes no mention of a vacation for the overworked machine) can be found after the break.

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Cha-ching! IBM's Watson heads to Citigroup to meddle in human finances originally appeared on Engadget on Tue, 06 Mar 2012 21:23:00 EDT. Please see our terms for use of feeds.

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