intel acquires Nervana Systems

The Chip giant Intel has made their announcement on the big foray into the world of AI (Artificial Intelligence). The company has acquired the deep learning start-up Nervana Systems in San Diego, California which is currently run by the Entrepreneur from the Indian-Origin.

Intel has not disclosed the deal amount made with the Nervana Systems, but as per the sources, Intel closed the deal with $400 million, led by former Qualcomm researcher Naveen Rao and with other multiple investors. Intel Developer Forum is ahead in the next week, and this acquisition boosts the head start towards advanced data analytics, natural language processing, computer vision and machine learning.

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Diane Bryant, Executive Vice President of Data Center Group at Intel, said on Wednesday “We will apply Nervana’s software expertise to further optimise the Intel Math Kernel Library and its integration into industry-standard frameworks. Nervana’s Engine and silicon expertise will advance Intel’s AI portfolio and enhance the deep learning performance and TCO of our Intel Xeon and Intel Xeon Phi processors,”

Today Intel Processors powers nearly 97% of the servers which are deployed to give the support to the machine learning workloads. “Nervana’s IP and expertise in accelerating deep learning algorithms will expand Intel’s capabilities in the field of AI,” Bryant added.

So far Intel Xeon processor E5 Family is the most popular released processor for the deep learning interface and the Intel Xeon Phi processor which has released recently delivers the best scalable performance required for the deep learning training.

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Intel Executive says “While less than 10 % 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,”

The startup company, Nervana has recently raised $25 million in the venture funding and also has a contract to work with In-Q-tel, the US intelligence community’s venture arm.