Intel buys into machine learning and IoT with Itseez acquisition

Intel has continued its strides into the IoT market through the acquisition of Itseez, a computer vision and machine learning company, reports BCN. Itseez, which was founded by two former Intel employees, specializes in computer vision algorithms and implementations, which can be used for a number of different applications, including autonomous driving, digital security and surveillance, and industrial inspection. The Itseez inclusion bolsters Intel's capabilities to develop technology which electronically perceive and understand images. "As the Internet of Things evolves, we see three distinct phases emerging," said Doug Davis, GM for the Internet of Things Group at Intel. "The first is to make everyday objects smart – this is well underway with everything from smart toothbrushes to smart car seats now available. The second is to connect the unconnected, with new devices connecting to the cloud and enabling new revenue, services and savings. New devices like cars and watches are being designed with connectivity and intelligence built into the device. "The third is just emerging when devices will require constant connectivity and will need the intelligence to make real-time decisions based on their surroundings.