The grand prize that could make your aspirations reality is backed by TED 2016, The X Prize Foundation and IBM Watson.
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A new, multiyear competition to build the world’s coolest artificial intelligence could win you US$5 million.
The new challenge, supported by IBM, will run until 2020 with elimination rounds taking place every year at IBM’s World of Watson conferences, dedicated to the company’s machine capable of answering questions posed in the natural language.
Peter Diamandis, founder of XPrize and IBM’s partner for this project, has presented the contest on Wednesday at the TED conference in Vancouver.
The winners of the X-Prize will be chosen by the TED audience after the final 3 competitors give their talks in 2020. Three winning teams will collectively receive $4.5 million of the prize money.
The interim prizes will add up to $500,000, and it is hoped that hundreds of teams will participate at IBM’s developer conference. “We are also looking forward to introducing Watson internally, so we can propose various solutions and use cases to customers based on our own experience”.
In other news Discovery News reported, the field of artificial intelligence is already one of the busiest in all of computer science – or really, the tech industry as a whole. Unlike previous competitions held by either one of the big players involved this time, the newly announced competition is rather open-ended.
IBM hopes the Watson AI XPRIZE will bring the technology further and accelerate the development of new applications. In its latest push to popularize the system, the tech firm has pledged $5 million in grants for the biggest Watson-related breakthroughs by 2020.
Without a strict set of guidelines, potential participants are invited to create artificial intelligence which has the potential to improve human lives.
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“This is a cognitive computing competition which is going to challenge teams from around the world to develop and demonstrate a powerful A.I.-human collaboration”, said Diamandis, who is also the co-founder and executive chairman of Singularity University, an educational institution working with cutting edge technology to solve the world’s problems.
