Intel buys artificial intelligence startup


  • Technology Premium
  • Wednesday, 10 Aug 2016

The logo of Intel is seen during the annual Computex computer exhibition in Taipei, Taiwan June 1, 2016. REUTERS/Tyrone Siu

SAN FRANCISCO: US-based Intel announced a deal to buy an artificial intelligence startup as the computer chip colossus looks to broaden its role in datacentres and the expanding Internet of Things. 

Intel did not disclose how much it is paying for Nervana Systems, but US media reports put the price at more than US$350mil (RM1.40bil). 

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Tech News

Ford partners with Salesforce to expand software business Premium
Veon launches digital ID authentication to rival Big Tech Premium
Nissan executive expects semiconductor shortage to continue until mid-2022 Premium
ABB CEO wants to accelerate acquisitions drive Premium
ViacomCBS teams up with 'Parasite' distributor to make Paramount+ Asia debut Premium
German chip chemical supplier to spend $1 billion in U.S., pairs with Palantir on supply chain data Premium
Kenya's president signs law change to regulate digital lenders Premium
Food delivery shares rise ahead of EU draft rules on gig workers Premium
'Waiting for jail': Rwandan YouTuber defies personal risks Premium
US startups use tech, ‘gamification’ for public health problems Premium

Others Also Read


Vouchers