Intel to Buy Nervana to Accelerate AI, Machine Learning Efforts

The chip maker will integrate Nervana’s AI hardware and software stacks into its own growing artificial intelligence portfolio. Intel is ramping up its efforts in the small but fast-growing artificial intelligence space with the acquisition of 48-person startup Nervana Systems, which has been developing software and hardware technologies for machine learning.Intel officials announced the chip maker’s plans to acquire the San Diego, Calif.-based company Aug. 9, a week before their Intel Developer Forum (IDF) kicks off next week in San Francisco. No financial details were released, though news site Recode cited anonymous sources who put the price tag at more than $350 million. The acquisition strengthens Intel’s position in an artificial intelligence (AI) space that is expected to expand rapidly in the coming years as the internet of things (IoT)…


Link to Full Article: Intel to Buy Nervana to Accelerate AI, Machine Learning Efforts