Intel to acquire AI firm Nervana Systems

Chip maker Intel is to acquire artificial intelligence firm Nervana Systems in a bid to take AI to the next level based on its Xeon and Phi processors Intel is to acquire artificial intelligence (AI) firm Nervana Systems in a deal reportedly worth more than $400m. The acquisition is aimed at expanding Intel’s capabilities in the field of AI by tapping into Nervana’s intellectual property and expertise on deep learning algorithms. “We will apply Nervana’s software expertise to further optimise the Intel Math Kernel Library and its integration into industry standard frameworks,” said Diane Bryant, executive vice-president and general manager of the datacentre group at Intel. “Nervana’s Engine and silicon expertise will advance Intel’s AI portfolio and enhance the deep learning performance and TCO (total cost of ownership) of our…


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