Intel acquires artificial intelligence specialist Nervana Systems in 0m deal

Semiconductor giant Intel has bought artificial intelligence (AI) start-up Nervana Systems in a $400m deal as it looks to shift the epicentre of its business away from the moribund PC market. Nervana is a 48-person company based in San Diego, California founded only in 2014. Led by co-founder Naveen Rao, a former Qualcomm researcher, it claims to offer a fully optimised software and hardware stack for ‘deep learning’.  The firm’s cloud-based service is intended to enable businesses to build and deploy applications that make use of deep learning. Nervana has developed a custom microprocessor especially for deep learning. Intel is hoping to deploy the company’s technology in its data centres business, using it to better optimise major computing resources.  Diane Bryant, executive vice president and general manager of Intel’s Data…


Link to Full Article: Intel acquires artificial intelligence specialist Nervana Systems in 0m deal