Intel buys deep-learning startup Nervana to bolster machine learning chops

Another day, another multimillion dollar acquisition.

This time, Intel is buying Nervana Systems, a deep learning startup based out of California. The deal speaks volumes about Intel's hopes for the future and where the company is going. So what is it that Intel wants to accomplish?

In IT Blogwatch, we wait for our machine overlords. 

So what are the details of the deal? Ina Fried has the background:

Intel is snapping up...Nervana...in a...bet that artificial intelligence represents the next big shift inside corporate data centers...The chip giant isn’t...saying how much it is paying, but a source...said...around $408 million. That’s some serious cheddar for a 48-person startup.
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Intel vice president Jason Waxman [said] the shift to artificial intelligence could dwarf the move to cloud computing. Machine learning...is needed as we move from a world in which...a couple of devices...connect to the Internet to one in which billions of devices are connecting and talking to one another.

$408 million? That is some serious cheddar. So what do we know about Nervana? Katherine Noyes fills us in:

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