Will Nervana Open Up New Growth Frontiers For Intel Corporation?

Intel just acquired an artificial intelligence startup called Nervana. The deal, worth up to $400 million, could open up a new growth avenue for the chipzilla. Integration of Nervana offerings with Intel’s Xeon chips could further enhance the appeal of the latter’s offerings. It looks like Intel Corporation (NSDQ:INTC) is betting big on artificial intelligence. The chipzilla announced its acquisition of a deep learning firm called Nervana earlier this week. Although the terms of the deal weren’t revealed, industry experts believe that the buyout price could have been anywhere between $350 – $400 million. The development marks Intel’s intention of diversifying its business, to become an entity that’s beyond just a chipmaker and to enter into the deep learning segment. I see this as a huge positive for Intel corporation investors.…


Link to Full Article: Will Nervana Open Up New Growth Frontiers For Intel Corporation?