An Interest In:
Web News this Week
- October 4, 2024
- October 3, 2024
- October 2, 2024
- October 1, 2024
- September 30, 2024
- September 29, 2024
- September 28, 2024
January 21, 2022 04:45 pm
Original Link: https://tech.slashdot.org/story/22/01/21/1640201/ibm-sells-some-watson-health-assets-for-more-than-1-billion?utm_source=rss1.0mainlinkanon&utm_medium=
IBM Sells Some Watson Health Assets for More Than $1 Billion
IBM agreed to sell part of its IBM Watson Health business to private equity firm Francisco Partners, scaling back the technology company's once-lofty ambitions in health care. From a report: The value of the assets being sold, which include extensive and wide-ranging data sets and products, and image software offerings, is more than $1 billion, according to people familiar with the plans. The deal "is a clear next step as IBM becomes even more focused on our platform-based hybrid cloud and AI strategy," said Tom Rosamilia, senior vice president, IBM Software. "IBM remains committed to Watson, our broader AI business, and to the clients and partners we support in healthcare IT." IBM launched Watson Health in 2015 with the aim of using its core artificial intelligence platform to help health care providers analyze troves of data and ultimately revolutionize cancer treatment. Many of the company's ambitions haven't panned out, though, and some customers have complained that its products didn't match the hype. Even after spending roughly $4 billion in acquisitions to prop up the initiative, Watson hasn't delivered the kind of progress IBM initially envisioned and the unit wasn't profitable. Last year, the Wall Street Journal reported the unit generated about $1 billion of annual revenue.Read more of this story at Slashdot.
Original Link: https://tech.slashdot.org/story/22/01/21/1640201/ibm-sells-some-watson-health-assets-for-more-than-1-billion?utm_source=rss1.0mainlinkanon&utm_medium=
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot