Intel acquiring artificial intelligence and deep-learning company Nervana Systems

The deal is reportedly worth north of $350M. From Diane Bryant, Intel’s (NASDAQ:INTC) executive vice president and general manager of the Data Center Group: “Their IP and expertise in accelerating deep learning algorithms will expand Intel’s capabilities in the field of AI. We will apply Nervana’s software expertise to further optimize the Intel Math Kernel Library and its integration into industry standard frameworks. 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.” Apple last week acquired machine-learning company Turi. Intel press release Nervana Systems CEO statement


Link to Full Article: Intel acquiring artificial intelligence and deep-learning company Nervana Systems