IBM Watson team leader raises $60M for AI startup Elemental Cognition

Source: SEC archivesFerrucci, having spent 18 years at IBM and serving as the Director of Applied AI at Bridgewater Associates, guided the IBM Watson team from 2006 to 2012, a period highlighted by Watsons victory on the television video game show “Jeopardy! Unlike standard AI models, it incorporates big language designs (LLMs) with an AI-driven thinking engine to boost precision and controlled responses.Related: Google upgrades browse engine with AI-powered enhancementsDespite its preliminary promise, IBM Watson proved to be a non-profitable endeavor. More recently, IBM presented WatsonX, a studio intended at training and releasing machine learning models.Growing investor enthusiasm for AI start-ups has been stimulated by the triumph of OpenAIs ChatGPT.