Intel buys AI startup Nervana Systems to bolster data centre biz

CHIPMAKER Intel has acquired artificial intelligence (AI) startup Nervana Systems in a bid to future-proof its data centre business and shift focus away from the flailing PC market. Intel hasn’t revealed the financial details of the deal, but Recode reported that the company paid “more than $400m” (around £305m), citing an anonymous source. Nervana, a 48-person firm based in San Diego, California led by co-founder Naveen Rao, a former Qualcomm researcher, was founded in 2014 and offers a fully optimised software and hardware stack for deep learning. The firm’s cloud-based service allows businesses to build and deploy applications that make use of deep learning, and Nervana has developed a custom processor, known as an ASIC, especially for deep learning. Intel is looking to the firm to bolster its own deep learning…


Link to Full Article: Intel buys AI startup Nervana Systems to bolster data centre biz