Intel acquires AI optimisation platform SigOpt for undisclosed sum

It's hoped that the combination of SigOpt's AI scaling software and Intel's hardware will give Intel competitive advantages in emerging tech. San Francisco's SigOpt is being acquired by Intel for an undisclosed sum. SigOpt's platform enables the optimisation of artificial intelligence (AI) software models at scale. Its present customer base includes Fortune 500 companies across different industries, as well as leading research institutions, universities and consortiums. With this acquisition, Intel plans to use SigOpt's software across its own AI hardware products to accelerate and grow its AI offerings to developers.