Continuing a Trend Among Tech Giants, Intel Acquires AI Startup for 0 million

Intel is acquiring Nervana Systems, a deep learning startup, for just over $400 million, continuing a trend of tech titans snapping up artificial intelligence firms. Founded in 2014 and headquartered in San Diego, Nervana has a fully optimized software and hardware stack for deep learning. “We will apply Nervana’s software expertise to further optimize the Intel Math Kernel Library and its integration into industry standard frameworks,” explains Intel’s Diane Bryant, while “Nervana’s Engine and silicon expertise will advance Intel’s AI portfolio and enhance the deep learning performance and TCO of our Intel Xeon and Intel Xeon Phi processors.” Encompassing compute methods like advanced data analytics, computer vision, natural language processing and machine learning, artificial intelligence is transforming the way businesses operate and how people engage with the world. “We’ll look…


Link to Full Article: Continuing a Trend Among Tech Giants, Intel Acquires AI Startup for 0 million