Intel to buy artificial intelligence firm Nervana Systems

Intel processors are displayed at a store in Seoul June 21, 2012. Reuters/Choi Dae-woong <span class=”articleLocation”>Intel Corp (INTC.O) said on Tuesday it would acquire startup Nervana Systems as the world’s largest chipmaker bolsters its artificial intelligence capabilities.San Diego, California-based Nervana will help develop Intel’s artificial intelligence portfolio and enhance the deep learning performance of Intel Xeon and Intel Xeon Phi processors, the company said in a blog post. Terms of the deal were not disclosed. Investors in Nervana include Global Playground, CME Ventures, Lux Capital, Allen & Co and AME Cloud Ventures. Allen & Co LLC is the exclusive financial adviser to Nervana in the deal. (Reporting by Nikhil Subba in Bengaluru; Editing by Sriraj Kalluvila)


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