What Did Intel Just Buy?

M&A in the machine learning market keeps happening at a strong pace. Just last week, I commented on Apple’s (NASDAQ:AAPL) acquisition of Turi for $200 million. This week, Intel (NASDAQ:INTC) bought Nervana Systems for reportedly over $350 million. Again, this is a private acquisition due to the nature of the deep learning market. Most companies simply never make it to an IPO before being acquired, reflecting the explosive demand for expertise in this market. What did Intel just buy? Click to enlarge Nervana Systems: Focus on performance Software. On the surface, Nervana Systems might seem quite similar to Apple’s recent acquisition Turi. Being founded in 2014 and having grown to just short of 50 employees since then, it’s a typical startup success story. Its CEO, Naveen Rao, has previously worked…


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