Nervana CEO on Intel Acquisition, Future Technology Outlook

August 10, 2016 Nicole Hemsoth Following yesterday’s acquisition of deep learning chip startup Nervana Systems by Intel, we talked with the company’s CEO, Naveen Rao, about what plans are for both the forthcoming hardware and internally developed Neon software stack now that the technology is under a much broader umbrella. Media outlets yesterday reported the acquisition was $350 million, but Rao tells The Next Platform it was not reported correctly and is actually more than that. He was not allowed to state the actual amount but said it was quite a bit higher than the figure given yesterday. Nervana had been seeking a way to expand its business, including the possibility of raising another round of funding to complement the existing $28 million. Acquisition was already on the table and…

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