Intel acquires SigOpt to scale AI software solution offerings to developers – Tech Observer

With the aim to scale artificial intelligence (AI) productivity, chipmaker Intel said that it is acquiring San Francisco-based firm SigOpt that deals in the optimization of AI software models at scale. The deal is expected to close this quarter. Transaction terms were not disclosed. SigOpt's team – including SigOpt CEO and co-founder Scott Clark and CTO and co-founder Patrick Hayes – will join the Machine Learning Performance team in Intel Architecture, Graphics and Software (IAGS). Raja Koduri, Intel senior vice president, chief architect and general manager of IAGS said: "SigOpt's AI software platform and data science talent will augment Intel software, architecture, product offerings and teams, and provide us with valuable customer insights."