Intel digs deep into wallet to buy its way into AI game

Virtual reality may well have been capturing the imagination of the industry in recent months, but Intel's $400 million of AI start-up Nervana highlights it's not all fun and games, reports Telecoms.com. Having set its position as a leader in the data centre market and then largely missed out on the smartphone revolution, it would appear Intel is determined not to miss out on the burgeoning IoT segment, with the Nervana purchase added more firepower to the company's efforts. The acquisition also highlights the importance of artificial intelligence to the development of the technology industry. "Intel is a company that powers the cloud and billions of smart, connected computing devices," said Diane Bryant, GM of the Data Center Group at Intel. "Thanks to the pervasive reach of cloud computing, the ever decreasing cost of compute enabled by Moore's Law, and the increasing availability of connectivity, these connected devices are generating millions of terabytes of data every single day. The ability to analyse and derive value from that data is one of the most exciting opportunities for us all. Central to that opportunity is artificial intelligence."