Intel acquires AI startup Nervana Systems

Intel has splashed out a reported $400 million on Nervana Systems, a startup working in the field of deep learning and artificial intelligence. Intel has acquired artificial intelligence startup Nervana Systems in a deal reportedly worth in excess of $400 million, as the company looks to push its products – in particular the many-core Xeon Phi co-processor platform – as idea for deep-learning tasks.As part of a growing interest in machine learning to solve a variety of problems – from besting human champions at the game of Go to analysing eye scan data for early diagnosis – Intel is pushing its Xeon and Xeon Phi processor ranges heavily against competition from GPU-based accelerators made by rivals Nvidia and AMD. As part of that, Intel has announced the acquisition of Nervana…

Link to Full Article: Intel acquires AI startup Nervana Systems

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