Intel buys deep learning startup Nervana Systems for a reported 0 million

Intel announced Tuesday that it is acquiring deep learning startup Nervana Systems in a move that looks to bolster the role of AI solutions within the company. Recode reports that the price tag of the deal is north of $350 million, adding to what has been a pretty active (to put it mildly) last few weeks in tech M&A.“[Nervana’s] IP and expertise in accelerating deep learning algorithms will expand Intel’s capabilities in the field of AI,” Diane Bryant, EVP and GM of the Data Center Group at Intel said in a blog post. “We will apply Nervana’s software expertise to further optimize the Intel Math Kernel Library and its integration into industry standard frameworks.” Furthermore, Bryant specified that the startup’s expertise would “advance Intel’s AI portfolio and enhance the deep learning performance and TCO…


Link to Full Article: Intel buys deep learning startup Nervana Systems for a reported 0 million