Intel is snapping up deep learning startup Nervana Systems in a huge bet that artificial intelligence represents the next big shift inside corporate data centers.
The chip giant isn’t actually saying how much it is paying, but a source with knowledge of the deal said it is valued at around $408 million.
Intel, is bolstering its artificial intelligence efforts by acquiring Nervana Systems, a two-year-old start-up considered among the leaders in developing machine learning technology.
Nervana has built an extensive machine learning system, which runs the gamut from an open-sourced software platform all the way down to an upcoming customized computer chip.
The platform is used for everything from analyzing seismic data to find promising places to drill for oil to looking at plant genomes in search of new hybrids.