Intel Acquires Indian American-led San Diego-based Firm Nervana Systems

San Diego, Calif.-based deep learning startup Nervana Systems, headed by a triumvirate of Indian Americans, has been acquired by Intel. While the chip giant did not disclose the cost of the acquisition, several reports have indicated the price exceeded $400 million. Nervana Systems is a 48-person company founded by Naveen Rao, Arjun Bansal and Amir Khosrowshaki in 2014. Their capabilities in deep learning will help Intel reach new heights in artificial intelligence. “Nervana has a fully-optimized software and hardware stack for deep learning,” Intel Data Center Group vice president and general manager Diane Bryant said in a news release. “Their IP and expertise in accelerating deep learning algorithms will expand Intel’s capabilities in the field of AI.” Intel said that the ability to analyze and derive value from data is…


Link to Full Article: Intel Acquires Indian American-led San Diego-based Firm Nervana Systems