Silicon Valley chip-maker Intel acquires AI start-up for 0 million

“Nervana’s Engine and silicon expertise will advance Intel’s AI portfolio and enhance the deep learning performance and TCO of our Intel Xeon and Intel Xeon Phi processors,” Diane Bryant, Executive Vice President of Intel’s Data Centre Group said on Wednesday. In Picture: A sign is shown at the entrance to the headquarters of Intel Corporation in Santa Clara, California Feb. 2, 2010.Reuters Califormia-based Intel Corporation has entered the artificial intelligence (AI) foray with its first AI start-up acquisition. The semi conductor chip-maker bought Nervana Systems for $350 million on Tuesday, according to start-up ecosystem database, Crunchbase. The acquisition will help Intel refine its Math Kernal Library, which provides optimised math routines to enhance performance speed of computer programs, according to Diane Bryant, Executive Vice President of Intel’s Data Centre Group.…


Link to Full Article: Silicon Valley chip-maker Intel acquires AI start-up for 0 million