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Intel Buys AI Startup Nervana Systems

The deal was reportedly worth more than $400 million.


Another day, another story about a large tech company acquiring an artificial intelligence (AI) startup. Today, it's Intel buying deep learning company Nervana Systems. According to Recode's sources, the deal was worth around $408 million. Intel vice president Jason Waxman said that the move toward AI could be more significant than the trend toward cloud computing. “There is far more data being given off by these machines than people can possibly sift through,” Waxman said.

Nervana's technology could help Intel bake AI technology right into its chips.

Nervana had 48 employees and had raised $25 million in venture funding.

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