Intel (INTC) Buys Movidius to Boost Artificial Intelligence

Moving deeper into the booming artificial intelligence (AI) space, Intel Corporation (INTC – Analyst Report) acquired an AI startup based in California. The terms of the deal were not disclosed.Movidius is a maker of chips focused on integrated system-on-chip solutions that are designed to aid computer vision applications. The company also provides algorithms for things like deep learning, navigation and depth processing. Movidius has developed compact chips that already power DJI’s Phantom 4 drones, enabling autonomous piloting. It has about 180 employees with offices in Silicon Valley, Ireland and Romania.Following the news, Intel’s share price rose more than 1%.Why this Move?We note that the deal comes at a time when Intel is shifting its focus from the traditional desktop PC market to computer vision hardware.With this deal, Intel will be…

Link to Full Article: Intel (INTC) Buys Movidius to Boost Artificial Intelligence

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