Intel to Acquire AI Startup Nervana Systems

If we needed another sign that Intel is serious about mining AI market opportunities, it came today when the chip company announced it had signed a “definitive agreement” to acquire artificial intelligence and deep learning company Nervana Systems. Financial terms haven’t been disclosed yet, but a source familiar with the deal told Recode it’s worth more than $350 million. Founded in 2014, the San Diego-based Nervana has differentiated itself by building a full-stack solution that goes from the algorithms to the silicon to solve and accelerate machine learning problems at scale. Now Intel plans to leverage Nervana’s IP and expertise to expand its AI capabilities. “We will apply Nervana’s software expertise to further optimize the Intel Math Kernel Library and its integration into industry standard frameworks,” said Diane Bryant, Intel’s executive vice president…

Link to Full Article: Intel to Acquire AI Startup Nervana Systems

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