Intel to acquire deep-learning firm Nervana Systems for 0 million

Intel will be acquiring deep-learning startup Nervana Systems in its bid to be ready for the onslaught of artificial intelligence inside corporate data centres. According to sources who have spoken to Recode, the deal is valued at around $408 million. Nervana Systems was founded in 2014 and is headquartered in San Diego, California. It is led by former Qualcomm researcher Naveen Rao and it has raised around $25 mn in venture funding. Nervana had open-sourced its Neon deep learning software last year. The company will join Intel’s Data Centre Group after the deal is closed. Intel vice president Jason Waxman claims that the shift to artificial intelligence will be far greater than the move to cloud computing. According to him, machine learning is of significance as we are moving from a world where…


Link to Full Article: Intel to acquire deep-learning firm Nervana Systems for 0 million