The Massachusetts Institute of Technology (MIT) and Hewlett-Packard Company (HP) ARE to form a US$25 million alliance to develop innovative ways to create and handle digital information.
The five-year alliance will investigate new architectures, devices, and user-interfaces in information-rich environments and explore novel services for commerce, education, and personal use. The plans consolidate a relationship proven during previous joint ventures to build a digital archive and to sponsor the Sloan School Centre for eBusiness@MIT.
HP President and Chief Executive Officer Carly Fiorina, an alumna of MIT’s Sloan School of Management commented on the new alliance: ‘This is an extraordinary opportunity for two great research organisations to collaborate and develop technologies that will truly transform society for the benefit of all.’
Capitalising on the long collaboration between the two organisations, in particular between HP and MIT’s Department of Electrical Engineering and Computer Science, the HP and MIT alliance will address and support research and educational programs of mutual interest.
Plans include projects within the Laboratory for Computer Science [World Wide Web Consortium (W3C)], the Artificial Intelligence Laboratory, the Media Lab, the Sloan School Centre for eBusiness@MIT, the Internet & Telecoms Convergence Consortium, and the MIT Libraries. The alliance will define and fund other projects in the future.