Intel buys artificial intelligence startup

San Francisco (AFP) – US-based Intel announced a deal to buy an artificial intelligence startup as the computer chip colossus looks to broaden its role in data centers and the expanding internet of things. Intel did not disclose how much it is paying for Nervana Systems, but US media reports on Tuesday put the price at more than $350 million. “With this acquisition, Intel is formally committing to pushing the forefront of AI (artificial intelligence) technologies,” Nervana co-founder and chief executive Naveen Rao said in a blog post. “We can now shatter the old paradigm and move into a new regime of computing.” Founded two years ago in Southern California, Nervana has specialized in combining hardware and software to help machines think in ways similar to human brains, according to…


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