MosaicML startup from Intel boss counting the cost of AI

A former head of artificial intelligence products at Intel has started a company to help companies cut overhead costs on AI systems. Naveen Rao, CEO and co-founder of MosaicML, previously led Nervana Systems, which was acquired by Intel for $350m. But like many Intel acquisitions, the marriage didn't pan out, and Intel killed the Nervana AI chip last year, after which Rao left the company. MosaicML's open source tools focus on implementing AI systems based on cost, training time, or speed-to-results. They do so by analyzing an AI problem relative to the neural net settings and hardware, which then paves an efficient path to generate optimal settings while reducing electric costs.