Apple, Intel Add More Flavor To Artificial Intelligence Deals

August seems to be the month of acquisitions, particularly in the Artificial Intelligence (AI) space. Recently, chip giant Intel announced its plans to buy Nervana Systems, close on the heels of iPhone maker Apple’s announcement on the buyout of machine-learning startup, Turi. In recent times, technology companies are teaming up with startups in the field of AI to outdo comprtition in the space. Intel is strengthening its AI efforts by acquiring the two-year-old startup Nervana Systems, which has already come to the limelight for its machine learning technology. The chip maker sees AI as the next big shift inside corporate data centers. Nervana has built an extensive machine learning system that runs on an open-sourced software platform. The platform is reportedly used for everything from analyzing seismic data to find promising…


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