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NEW YORK — One of the most famous Jeopardy! champs of all time is moving to Manhattan.

No, it’s not Ken Jennings.

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IBM announced Thursday that it’s investing over $1 billion to give its Watson cloud computing system its own business division and a new home in the heart of New York City.

The Armonk, N.Y.-based computing company said the new business unit will be dedicated to the development and commercialization of the project that first gained fame by defeating a pair of Jeopardy! champions, including 74-time winner Jennings, in 2011.

In the years since Watson’s TV appearance, IBM has been developing the computing system for more practical purposes and changed it to a cloud-based service. Its massive analytical capabilities are currently being used in industries ranging from health care to banking.

IBM says Watson is unique because it isn’t programed like traditional computers. Instead, it learns from its past experiences and factors that information into its future operations.