IBM and X Prize Foundation Announce Artificial Intelligence Competition With $ 5 Million Prize Fund

IBM and X Prize Foundation have announced the Watson AI XPRIZE Cognitive Computing Competition . The start of the competition was announced by David Kenny, IBM Watson project manager, and Peter Diamandis, chairman of the XPRIZE Foundation. The initial purpose of the competition is to use artificial intelligence to perform applied tasks, including solving problems that are relevant to a person. Participation is planned to involve development teams from around the world.

The final goal is to unite creative minds into a single whole, creating a team that can generate creative ideas, suggest ways to solve various problems and problems in medicine, industry, science, business. The XPRIZE Foundation has a huge amount of experience in holding competitions, so IBM decided to join forces with this organization.

Watson AI XPRIZE is scheduled to be held from 2017 to 2019. Participants will present their ideas and propose solutions at the World of Watson annual conference. The jury will determine the winners and distribute the prize pool.
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The competition is also interesting lack of strict rules, tasks and requirements. Teams can offer almost any ideas, as long as they serve a single goal - solving applied problems using cognitive system technologies. Ideas will be evaluated by scientists, engineers, TED and XPRIZE communities. The opinion of the communities will be taken into account when setting the final assessment of the proposed ideas.
The organizers of the competition hope that the participants will be able to propose ideas that can "have a positive impact on the life of mankind, and also help to make a revolution in various industries."



According to one of the leaders of the competition, artificial intelligence can help in finding ways to cure cancer diseases, to solve problems with climate change. “Excellent, inspiring opportunities” open up to participants, writes Stephanie Wonder, a member of X Prize Development Associate.

In May, the conditions of the competition will be clarified and supplemented, after which the acceptance of applications from the participants will begin.