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Intel Dropping $408M On Deep-Learning Startup Nervana Systems

  • Re/code, Wednesday, August 10, 2016 12:44 PM

Intel is buying deep learning startup Nervana Systems for a reported $408 million.

Regarding the deal, “Intel vice president Jason Waxman [said] that the shift to artificial intelligence could dwarf the move to cloud computing,” Recode writes.

“Machine learning, he said, is needed as we move from a world in which people control a couple of devices that connect to the Internet to one in which billions of devices are connecting.”

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