Intel reportedly buys deep learning startup for 0 million

August 9th, 2016 at 10:22 pm – Author Matthew Wilson It looks like Intel is making moves to increase its efforts in the AI space as the chip making giant has reportedly just penned a $350 million acquisition deal for Nervana Systems, a startup company specialising in deep learning. The acquisition was announced today and while Intel itself didn’t confirm the $350 million price tag for Nervana Systems, Recode is reporting that the deal ended up sitting close to that amount. As TechCrunch points out, Nervana CEO and co-founder, Naveen Rao has already penned a blog post on the acquisition, stating that the company will continue to work on deep learning and AI solutions, operate out of the same building and retain all of the same talent: “The combination of Nervana’s technology and expertise…


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