Intel acquires AI startup run by Indian-origin entrepreneur

“We will apply Nervana’s software expertise to further optimise the Intel Math Kernel Library and its integration into industry standard frameworks,” said Diane Bryant, Executive Vice President of Data Center Group at Intel. (Image source: NicoElNino)SAN FRANCISCO: Tech-giant Intel today acquired California-based deep learning start-up Nervana Systems run by an Indian-origin entrepreneur, allowing the the chip maker to foray into the world of Artificial Intelligence.Co-founded by Naveen Rao in 2014 and headquartered in San Diego, California, Nervana has a fully-optimised software and hardware stack for deep learning.The US-based chip giant isn’t actually saying how much it is paying, but a source with knowledge of the deal said it is valued at around USD 408 million, Recode, a technology news website that focuses on the business of Silicon Valley reported.”Today, Iam…

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