According to IBM chief executive Virginia Rometty, a billion people will, in some form, use the company’s Watson artificial intelligence tech by the end of 2017. For example, Watson is now integrated with General Motors’ OnStar system in automobiles; Rometty says IBM is working on numerous similar contracts. Watson, one of IBM’s “strategic imperatives,” is a bundle of artificial-intelligence software that is delivered by cloud computing. As IBM’s total revenue slumped for the 18th straight quarter, its servers, software and computing services grew 15 percent in Q3. Continue reading IBM’s Watson Predicted to Reach 1 Billion People by Q4 2017

Book publisher Penguin Random House has announced its media diversification with planned film and television projects, an effort that first began when Random House created a movie unit. The company hopes that this expansion will help generate revenue and promote its authors. The company’s first TV co-production, “Heartland Table,” will debut September 14 on the Food Network and star chef Amy Thielen, whose new book will be released shortly after. Continue reading Publishing Giant Expands into Film and Television Projects

Barnes & Noble announced this week that it will stop producing its own color tablet e-reader, the Nook, in favor of third party, co-branded devices. The company’s decision may reflect a trend in the decline of dedicated e-readers competing with the growing popularity of tablet devices. Consumers are looking to tablets, which have more features and apps available, including e-reader capability, compared to standalone e-readers. Continue reading In the Wake of Heavy Losses, Future of Nook is Uncertain