Intel Buys 0 Million Dollars Worth of Nervana Deep Learning Systems

Intel bets that artificial intelligence could be the future of data centers. And the startup Nervana Systems for deep learning is just what the microprocessor maker will be investing in. Keep in mind that Intel is paying $350 million, which is outstanding for a startup of 48 people. “Machine learning is needed when we move from a world where people control devices that connect to the internet, to a world where in which billions of devices communicate with one another.” Says Intel vice president Jason Waxman. “There is more data being given off by devices than people that can look through it.” He added. Nervana’s leader, Naveen Rao, who was a former Qualcomm researcher, has raised $25 million from investors such as Allen & Co., DFJ, Data Collective, Fuel Capital,…


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