Intel has announced that it is buying deep leaning startup Nervana Systems and whilst the company did not reveal how much the acquisition is worth, reports suggest it is more than $400 million.
The new was announced by Intel on their website, you can see what the company has to say about the deal below.
Success in this space requires continued innovation to deliver an optimized, scalable platform providing the highest performance at lowest total cost of ownership. Today, I’m excited to announce that Intel signed a definitive agreement to acquire Nervana Systems, a recognized leader in deep learning1. Founded in 2014 and headquartered in San Diego, California, Nervana has a fully-optimized software and hardware stack for deep learning. Their IP and expertise in accelerating deep learning algorithms will expand Intel’s capabilities in the field of AI. We will apply Nervana’s software expertise to further optimize the Intel Math Kernel Library and its integration into industry standard frameworks. Nervana’s Engine and silicon expertise will advance Intel’s AI portfolio and enhance the deep learning performance and TCO of our Intel Xeon and Intel Xeon Phi processors.
You can find out more details about Intel’s latest acquisition over at their website at the link below.