Intel bets big on deep learning with 0 million Nervana Systems acquisition

(Photo : Getty Images / Bloomberg) The Intel Corp. logo is displayed at the company’s booth at the CEATEC Japan 2013 exhibition in Chiba City. Tech giant Intel recently acquired deep learning startup from Nervana Systems for more than $400 million. Many analysts agree that Intel’s latest acquisition simply highlights how important artificial intelligence is in the current tech industry. Intel did not publicly disclose the exact amount it paid to acquire Nervana Systems. According to Recode, a source with internal knowledge about the deal said that the deal is valued at around $408 million. Like Us on Facebook Advertisement What is even more interesting is the fact that Nervana Systems is a small startup firm with only 48 employees. Nervana Systems chief executive officer and co-founder Naveen Rao said…


Link to Full Article: Intel bets big on deep learning with 0 million Nervana Systems acquisition