EXCERPT

Scientists from IBM today unveiled a breakthrough software ecosystem designed for programming silicon chips that have an architecture inspired by the function, low power, and compact volume of the brain. The technology could enable a new generation of intelligent sensor networks that mimic the brain's abilities for perception, action, and cognition.

...

Having completed Phase 0, Phase 1, and Phase 2, IBM and its collaborators (Cornell University and iniLabs, Ltd) have recently been awarded approximately $12 million in new funding from the Defense Advanced Research Projects Agency (DARPA) for Phase 3 of the Systems of Neuromorphic Adaptive Plastic Scalable Electronics (SyNAPSE) project, thus bringing the cumulative funding to approximately $53 million.

SOURCE

http://www-03.ibm.com/press/us/en/pressrelease/41710.wss