Why Intel Is Investing 0 Million In A Two-Year-Old Deep Learning Company That Employs Less …

The Intel logo is displayed outside of the Intel headquarters on January 16, 2014 in Santa Clara, California. Intel will report fourth quarter earnings after the closing bell.(Justin Sullivan/Getty Images) Intel is taking steps to expand its horizon from PC chip manufacturing to include a bigger chunk of a data business center. To do this, Intel has purchased a machine learning startup, which is two-years-old and employs just 48 people. Advertisement Business Insider notes that Intel did not fully disclose the amount it invested in purchasing the startup, Nervana Systems. However, it is estimated that the sale was worth an upwards value of $350 million. While it might seem like a lot of money to spend for a relatively small company, the personnel and technology found within the group is impressive.…


Link to Full Article: Why Intel Is Investing 0 Million In A Two-Year-Old Deep Learning Company That Employs Less …