Tech Majors Bet Big On Startups For AI Deal
August seems to be the month of acquisitions, particularly in the Artificial Intelligence (AI) space. Recently, chip giant Intel announced its plans to buy Nervana Systems, close on the heels of iPhone maker Apple’s announcement on the buyout of machine-learning startup, Turi. In recent times, technology companies are teaming up with startups in the field of AI to outdo competition in the space.
Intel is strengthening its AI efforts by acquiring the two-year-old San Diego, California-based startup Nervana Systems, which has already grabbed much attention for its machine learning technology. The chip maker sees AI as the next big shift inside corporate data centers. (Read full story here)