Intel reveals it has invested more than $1bn so far in AI start-ups

Intel CEO Brian Krzanich says the chip giant is deeply committed to unlocking the promise of AI. Intel has invested more than $1bn to date in artificial intelligence (AI) start-ups via its Intel Capital arm, according to company CEO Brian Krzanich. This includes investments in companies such as Mighty AI, DataRobot, Lumiata, AEye and others. 'AI will make the impossible possible: advancing research on cancer, Parkinson's disease and brain disorders; helping to find missing children; and furthering scientific efforts in climate change, space exploration and oceanic research' – BRIAN KRZANICH As well as investments, Intel has been pretty acquisitive in the AI start-up space, spending an estimated $16bn in recent years, the majority of which went into Israeli automotive tech player Mobileye, at $15.3bn. A year ago, Intel acquired Irish chip company Movidius for an undisclosed sum, as well as Nervana.