Intel Acquires Deep Learning Startup, Nervana Systems

Intel has joined the M&A wave that has taken over the tech space in the last few weeks. Yesterday, the company came under the limelight as it announced the acquisition of a deep leaning startup, Nervana Systems. How the startup caught Intel’s attention is simple. In a time and age when most companies are focused on developing software that can run on anyone’s graphic chips, Nervana’s approach to bring machine learning into silicon is unique, with endless future prospects. The terms of the acquisition deal haven’t been disclosed yet, but Recode reports that Intel has paid more than $350 to acquire Nervana Systems. The announcement comes only months after another tech giant, Saleforce, acquired deep learning startup – MetaMind. The San Dieogo-based 48-person startup was founded in 2014, and is…

Link to Full Article: Intel Acquires Deep Learning Startup, Nervana Systems

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