AI in Healthcare February 18, 2021
International Business Machines Corp. is looking into dealing its AI-pioneering Watson Health unit so the parent can move more nimbly into cloud computing, the Wall Street Journal is reporting.
“People familiar with the matter” tell WSJ that IBM is open to various arrangements, including a sale to a current Watson competitor or to a private-equity firm, or even a merger with a blank-check company.
The sources also say Watson Health, which some observers have for years considered a spectacular IBM fumble, is doing around $1 billion of business a year yet still isn’t turning a profit.
“It isn’t clear how much the business might fetch in a sale, and there may not be one,” WSJ comments.
...Today's Sponsors
Today's Sponsor