Intel Buys AI Startup Nervana Systems

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.

View article

Share the Post:
Share on facebook
Share on twitter
Share on linkedin


The Latest

microsoft careers

Top Careers at Microsoft

Microsoft has gained its position as one of the top companies in the world, and Microsoft careers are flourishing. This multinational company is efficiently developing popular software and computers with other consumer electronics. It is a dream come true for so many people to acquire a high paid, high-prestige job

your company's audio

4 Areas of Your Company Where Your Audio Really Matters

Your company probably relies on audio more than you realize. Whether you’re creating a spoken text message to a colleague or giving a speech, you want your audio to shine. Otherwise, you could cause avoidable friction points and potentially hurt your brand reputation. For example, let’s say you create a

chrome os developer mode

How to Turn on Chrome OS Developer Mode

Google’s Chrome OS is a popular operating system that is widely used on Chromebooks and other devices. While it is designed to be simple and user-friendly, there are times when users may want to access additional features and functionality. One way to do this is by turning on Chrome OS