Intel Buys Deep-Learning Startup Nervana for 8M for AI Smarts

A two-and-a-half-year-old startup developing a new type of chip designed specifically for deep learning is set to become part of Intel. California-based Nervana, a company founded in 2014 by a team of machine-learning experts, is being acquired by Intel for a reported $408 million. The startup is scheduled to release its Nervana Engine, a deep-learning-focused, application-specific integrated circuit sometime next year. Nervana’s technology and expertise will help Intel expand its capabilities in artificial intelligence, according to Diane Bryant, executive vice president and general manager of Intel’s Data Center Group. The company will offer more details about its plans in those areas during next week’s Intel Developer Forum. ‘Deep Learning at Ludicrous Speed’ “With this acquisition, Intel is formally committing to pushing the forefront of AI technologies,” Nervana CEO and co-founder…

Link to Full Article: Intel Buys Deep-Learning Startup Nervana for 8M for AI Smarts

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