IBM and IIT Bombay have joined their hands in the research work of AI. On Wednesday IBM and IIT Bombay declared the handshake on AI Horizon Network as part of multi-years collaboration to advance AI Research. This will a good use in business and industries.
“The Department of Computer Science and Engineering at IIT Bombay – one of the preeminent research institutions in the world, with a long history of leadership in data mining and information retrieval systems. 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.” – IIB Website
The teams will investigate new techniques for knowledge representation across documents, graphs, charts, and other forms of multimedia content. This area of research will be critical in developing new AI applications in key industries such as financial services, retail and healthcare, which rely heavily on rich, multi-modal content. The collaboration will also work to advance the field of training and building domain-specific AI agents (chatbots), which are designed to aid humans in complex decision making such as making trading and investment choices in financial services. Additionally, work is planned to explore new, domain-neutral training approaches that could enable faster, more efficient training of AI systems.
Speaking on the relevance of collaboration Prof. Devang Khakhar, Director, IIT Bombay said “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.”