Intel acquires artificial intelligence startup Nervana

Intel has agreed to buy artificial intelligence start-up Nervana Systems, adding to its capabilities in an area that is currently the focus of large investments by the likes of Apple, IBM, Facebook, Google, Microsoft and others. Nervana was founded in 2014 and quickly attracted the interest of investors, raising nearly $25 million (£19 million). Hardware-centric approach Intel did not disclose the terms of the deal but reports suggested the company paid more than $350 million. The purchase follows on the heels of Apple’s buyout of AI start-up Turi, reportedly for around $200 million. The startup is unusual in the hardware-centric approach it takes to machine learning and neural networks, which use models inspired by biological neural nets such as the human brain. Its products include a machine learning framework, platform…

Link to Full Article: Intel acquires artificial intelligence startup Nervana

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