Intel is paying more than $400 million to buy deep-learning startup Nervana Systems

Intel is paying at least $350 million to buy deep-learning startup Nervana Systems

  • The chip giant is betting that machine learning is going to be a big deal in the data center.
  • “There is far more data being given off by these machines than people can possibly sift through,” Waxman said.
  • The chip giant isn’t actually saying how much it is paying, but a source with knowledge of the deal said it is valued at around $408 million.
  • “There’s always a next wave,” Waxman said, noting that corporate computing has already gone from mainframes to client-server and now on to cloud computing. “
  • Intel is snapping up deep learning startup Nervana Systems in a huge bet that artificial intelligence represents the next big shift inside corporate data centers.

Read the full article, click here.


@Recode: “Intel is paying at least $350 million to buy deep-learning startup Nervana Systems”


The chip giant is betting that machine learning is going to be a big deal in the data center.


Intel is paying more than $400 million to buy deep-learning startup Nervana Systems