Intel acquires AI start-up run by Indian-origin entrepreneur

IANS  |  San Francisco  August 10, 2016 Last Updated at 10:22 IST Copy tiny URL to save and share articles. Announcing a big foray into the world of artificial intelligence (AI), the chip giant Intel has acquired San Diego, California-based deep learning start-up Nervana Systems run by an Indian-origin entrepreneur. Coming ahead of the Intel Developer Forum next week, the acquisition gives Intel a definitive head start towards advanced data analytics, computer vision, natural language processing and machine learning. Although the financial details were not disclosed, according to a Re/Code report, the software giant is paying more than $400 million to buy Nervana led by former Qualcomm researcher Naveen Rao. “We will apply Nervana’s software expertise to further optimise the Intel Math Kernel Library and its integration into industry…

Link to Full Article: Intel acquires AI start-up run by Indian-origin entrepreneur

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