What Does IBM's New Partnership With MIT Mean for Investors?

Leading tech companies appear to be united in a belief that artificial intelligence (AI) is on track to change the world, and IBM (NYSE: IBM) has been making some big bets to ensure that it maintains a leadership position in the space. Most recently, the company announced a 10-year partnership with the Massachusetts Institute of Technology (MIT) that will see it invest $240 million in a new lab that will research and develop AI technology and study its potential applications.

Is the company's latest investment in the future of machine learning something that investors should get excited about?

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Source: Fool.com