IBM Research continues to do a lot of interesting research in AI/ML (and also into basic sciences in general). I'm not sure about Watson; I've heard both good a

IBM Research continues to do a lot of interesting research in AI/ML (and also into basic sciences in general). I'm not sure about Watson; I've heard both good and bad things about it so I do understand the skepticism. But to call it a joke is probably taking it too far :). Full Disclosure: work at IBM, but not in Watson.