Intel buys startup run by Indian­-origin entrepreneur

SAN FRANCISCO: Announcing a big foray into the world of artificial intelligence (AI), the chip giant Intel has acquired San Diego, California-based deep learning

SAN FRANCISCO: Announcing a big foray into the world of artificial intelligence (AI), the chip giant Intel has acquired San Diego, California-based deep learning start-up Nervana Systems run by an Indian-origin entrepreneur. Coming ahead of the Intel Developer Forum next week, the acquisition gives Intel a head start towards advanced data analytics, computer vision, natural language processing and machine learning. Though the financial details were not disclosed, according to a Re/Code report, the software giant is paying more than $400 million to buy Nervana led by former Qualcomm researcher Naveen Rao.

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