Intel Acquires Nervana Systems
Intel has announced a big move into the world of Artificial Intelligence. The company has acquired Nervana Systems. Nervana systems work on deep learning. The company’s main office is in San Diego. An ex-Qualcomm researcher Naveen Rao runs the company .
The Intel Developer Forum will start next week. The acquisition is big news to come before the forum. It allows the company a start in the field of advanced data analytics. This includes computer vision, natural language processing, and machine learning.
Why Nervana Systems?
Intel has not disclosed the financial terms of the agreement. A report on Re/Code, however, suggests that the chip producer is paying more than $400 million. Intel Executive Vice President of the Data Center Group Bryant talked about the acquisition. She said, “We will apply Nervana’s software expertise to further optimize the Intel Math Kernel Library and its integration into industry-standard frameworks.”
97 percent of Intel processors are used to support ML. Talking about the future aspiration from the acquisition Bryant said “Nervana’s engine and silicon expertise will advance Intel’s AI portfolio. And will enhance the deep learning performance and TCO of our Intel Xeon and Intel Xeon Phi processors.” Mostly, Machine learning systems use Intel Xeon processor E5 family for power .
“While less than 10 percent of servers worldwide were deployed in support of machine learning last year, the capabilities and insights it enables makes machine learning the fastest growing form of AI. We will continue to invest in leading-edge technologies that complement and enhance Intel’s AI portfolio,” she added.
In a recent venture funding the ML company raised $25 million. Moreover, the company also has a contract to work with the US intelligence community Q-tel.
Rao also talked about how excited Nervana Systems is to work with Intel. He said “Raising money was not the problem. That was going to be relatively easy but by selling to Intel we have access to technology we’d never dream about”.