Intel Acquires Saffron To Push Its AI Capabilities

Intel is acquiring Saffron AI, a North Carolina-based startup specializing in cognitive computing platforms similar to IBM’s Watson technology. The chip maker announced the deal on Monday, but the financial terms of the deal were not disclosed. How Intel could benefit from Saffron Intel is presently eying three segments. It aims to put as many chips as it can into edge devices, which include laptops, watches, gateways or any gadget that collects data, and stores it back to the network, says a report from Fortune. As Intel was late to the smartphone party, it missed much of this opportunity, but now it is trying to compensate for this with its Curie platform for wearables. Secondly, it is making general purpose chips, which is something that Intel is known for. It…


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