Intel, Apple continues race for AI startups acquisitions

The smaller houses of innovation are all being picked up by the giants in a bid to stay ahead of competition. A report originating yesterday stated that Intel is acquiring Nervana Systems, a startup that meddles with deep learning algorithm and artificially intelligent corporate data centers. Word on the street suggests that the behemoth chipmaker has paid nearly $408 million as part of the acquisition deal, a staggering amount for a young startup, albeit highly specialised and equipped. The deal can be highly beneficial for both the parties. Intel has already invested its time and resources into deep neural networks and machine learning, and acquiring exciting startups remain key to advancement of technology beyond Intel’s own portfolio. As for Nervana, it sums up everything in this very apt statement: “No…

Link to Full Article: Intel, Apple continues race for AI startups acquisitions

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