Intel buys deep learning startup Nervana

Intel takes artificial intelligence seriously, especially as a driver of chip sales. On Tuesday, the company announced plans to acquire Nervana Systems, a deep learning company based in San Diego, California.

The financial terms for the deal were not disclosed, but Recode reports the deal is valued at approximately $ 408 million, citing “a source with knowledge of the deal.”

“With this acquisition, Intel is officially committed to advancing the cutting edge of AI …

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