Intel Will Purchase Movidius, A Startup Focusing On Computer Vision Technology

Intel stated that they would purchase Movidius, a startup that focuses on computer vision technology. The acquisition of Movidius will be the tech company’s latest bet on specialized chips for artificial-intelligence applications. Advertisement Terms of Intel’s transaction over Movidius weren’t revealed, but the deal, subject to certain closing conditions, was made known. Advertisement Movidius, the California based company that designs specialized low-power processor chips for computer vision, was founded nearly 11 years ago in Ireland. Movidius hitched up more than $85 million from venture-capital companies. It has developed algorithms and chips that they called as vision-processing units, which will be used in equipment such as drones, robots, as well as virtual reality (VR) devices, according to The Wall Street Journal. Remi El-Ouazzane, CEO of Movidius, stated that when computers will…


Link to Full Article: Intel Will Purchase Movidius, A Startup Focusing On Computer Vision Technology