Intel to Buy Semiconductor Startup Movidius — Update

Shutterstock photo By Don Clark and Joshua Jamerson Intel Corp. said it would acquire Movidius, a startup focusing on computer vision technology, in the Silicon Valley giant’s latest bet on specialized chips for artificial-intelligence applications. Terms of the transaction weren’t disclosed. The deal, subject to certain closing conditions, was announced in blog posts Monday. Intel is seeking to move into new markets beyond the shrinking personal computer business, where sales of microprocessors are its largest source of revenue. The company, which failed to build a major business in chips for smartphones, has announced a series of moves to provide technology for drones, wearable devices and other connected gadgets associated with a trend called the Internet of Things. The company’s offerings include RealSense, a combination of chips and 3-D camera technology…

Link to Full Article: Intel to Buy Semiconductor Startup Movidius — Update

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