This document provides a summary of IBM's Watson project to build a question answering system to compete on the game show Jeopardy!. It discusses the goals of capturing public imagination, engaging the scientific community, and being relevant to IBM customers. It outlines the technical challenges involved in natural language processing at scale to analyze evidence and answer open-domain questions with a high degree of confidence compared to human performance. It provides an overview of the DeepQA architecture and incremental progress over time in answering precision.