IBM's Watson supercomputer, famous for its appearance on the game show Jeopardy, is now spearheading the tech giant's latest push into cloud and big data. IBM executive Mike Rhodin explains why the bellwether is spending $1 billion on its new Watson business unit, which will be based in the heart of New York's 'Silicon Alley'. Rhodin also tells TheStreet's James Rogers how IBM is extending the supercomputer's reach from healthcare to enterprise computing.

More from Video

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Abercrombie & Fitch CEO Reveals to TheStreet How She Is Turning Company Around

Abercrombie & Fitch CEO Reveals to TheStreet How She Is Turning Company Around

The Chart Professor: Worried About United Technologies Right Here

The Chart Professor: Worried About United Technologies Right Here

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Jim Cramer: I've Liked Six Flags Entertainment Stock as an Income Producer

Jim Cramer: I've Liked Six Flags Entertainment Stock as an Income Producer