Intel Acquires Nervana System- A Step Toward Bolstering Intel’s Atrificial Inteligence

Nervana Systems is set to get acquired by the world’s largest chipmaker Intel.According to technology website Recode the deal is valued at around $408 million.

Nervana System led by Naveen Rao, makes scalable AI accessible and enabling disruptive new applications across a wide range of industry verticals.

“It will help develop Intel’s artificial intelligence portfolio and enhance the deep learning performance of Intel Xeon and Intel Xeon Phi processors” the company said in a blog post.

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