Intel (INTC) to Buy Nervana for Deep Learning Technology

Intel Corporation INTC announced yesterday that it is acquiring Nervana Systems, an artificial intelligence startup based in San Diego. Though Intel didn’t disclose the exact value of the deal, as per some media reports it is said to be worth over $350 million.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 its data center business, which is registering significant growth. With this deal, Intel will be better positioned to enhance its prowess in data center as well as machine learning, which is gradually gaining prominence.Internet of Things (IoT) is slowly but gradually making its way into our lives. With more and more connected devices, a huge amount of data is generated that needs to be…

Link to Full Article: Intel (INTC) to Buy Nervana for Deep Learning Technology

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