Intel Launches Products for Artificial Intelligence Growth

Intel Corporation INTC is gearing up to become a major provider of solutions for the Artificial Intelligence (AI) market, which is anticipated to be worth $5.05 billion by 2020 as per MarketsAndMarkets.com. The company recently announced a plethora of products, technologies and investments, which will augment its presence in the AI market. Additionally, Intel expects the next generation Xeon Phi processors to deliver up to four times better performance than the previous generation for deep learning. Code-named Knights Mill, the co-processor will be available in 2017. Acquisitions to Expand Footprint Apart from Nervana, the Movidius acquisition also expands Intel's AI product portfolio.