Intel acquires machine learning startup Nervana Systems for over 0 million

Another tech giant has realized the possibilities and potential of artificial intelligence and machine learning in future. Just a couple of days back, Apple invested around $200 million into an AI and machine learning startup, Turi. And now, chip maker Intel has reportedly invested more than $400 million to buy deep learning startup Nervana Systems.The companies have not disclosed the amount of the deal but a Recode report has pegged the amount at $408 million citing multiple investors.The two-year-old startup, Nervana System, has quickly made its name among leaders in developing machine learning technologies. Moreover, the company is known to develop systems with a hardware-centric approach — integrating machine learning capabilities directly with hardware into silicon chips instead of a software.And that seems to have attracted Intel which is looking…


Link to Full Article: Intel acquires machine learning startup Nervana Systems for over 0 million