Intel buys deep learning startup Nervana Systems for a reported 8m to bolster its AI portfolio

Intel has said it is acquiring deep learning startup Nervana Systems as the world’s largest chip maker turns its focus on expanding its artificial intelligence portfolio. The startup, founded in 2014, has a fully optimised software and hardware stack for deep learning. The company said it will continue to operate out of its San Diego headquarters. “With this deal, we can now shatter the old paradigm and move into a new regime of computing……. Nervana’s AI expertise combined with Intel’s capabilities and huge market reach will allow us to realise our vision and create something truly special,” said Nervana chief executive officer and co-founder Naveen Rao. Intel said it will apply Nervana’s software expertise to optimise its Math Kernel Library. Besides, Nervana’s Engine and silicon expertise will help Intel advance…


Link to Full Article: Intel buys deep learning startup Nervana Systems for a reported 8m to bolster its AI portfolio