Intel Corporation (NASDAQ:INTC) Acquiring Deep Learning Startup Nervana Systems In A Move …

Intel Corporation (NASDAQ:INTC) closed at $34.92 with moves down of -0.34% in last trading session. Intel (INTC) released that it is acquiring deep learning startup Nervana Systems in a move that looks to bolster the role of AI solutions within the firm. Recode reports that the price tag of the accord is north of $350 million, adding to what has been a pretty active last few weeks in tech M&A. Whereas, Intel’s Xeon processors dominate in data centers, they’re not built for the exclusive workloads of artificial intelligence calculations, according to Gartner Inc. analyst Martin Reynolds. Adding Nervana’s products and expertise will help it gain a foothold in a small but growing market and fend off would-be contenders such as Nvidia Inc., if it can rapidly turn its acquisition into products.…


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