As Boston's start up scene enjoys a surge of activity around "big data," Intel will fund a new big data research centre at the Massachusetts Institute of Technology to the tune of US$2.5 million a year for five years. The new centre, dubbed the Intel Science and Technology Center, will be hosted at MIT's Computer Science and Artificial Intelligence Laboratory.

Research at the new centre will include areas such as finance, medicine, social media and security, according to the Globe report. The centre and other state initiatives around big data are set to be officially announced today by Gov. Deval Patrick and other officials.

Source: Boston Business Journal