Every day, more than 2.5 Quintillion bytes of data is generated. With data being available at that a huge scale, we need systems that analyse the data faster, in order to provide real time responses. Quicker Analysis, Data compression, and storage are few of the most important aspects that companies are competing to optimize. Intel(INTC) announced its strategic, cross-Intel organisation – Artificial Intelligence Products Group(AIPG), post its acquisition of the firm Nervana. It is lead by the former CEO of Nervana, Naveen Rao.
At Intel, we have an optimistic and pragmatic view of artificial intelligence's (AI) impact on society, jobs and daily life that will mimic other profound transformations – from the industrial to the PC revolutions. 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. To drive AI innovation, Intel is making strategic investments spanning technology, R&D and partnerships with business, government, academia and community groups. We are deeply committed to unlocking the promise of AI: conducting research on neuromorphic computing, exploring new architectures and learning paradigms. We have also invested in startups like Mighty AI*, Data Robot* and Lumiata* through our Intel Capital portfolio and have invested more than $1 billion in companies that are helping to advance artificial intelligence.
Intel is a company that powers the cloud and billions of smart, connected computing devices. Thanks to the pervasive reach of cloud computing, the ever decreasing cost of compute enabled by Moore's Law, and the increasing availability of connectivity, these connected devices are generating millions of terabytes of data every single day. The ability to analyze and derive value from that data is one of the most exciting opportunities for us all. Central to that opportunity is artificial intelligence. While artificial intelligence is often equated with great science fiction, it isn't relegated to novels and movies.
SAN FRANCISCO, Nov. 17, 2016 – Intel Corporation today announced a range of new products, technologies and investments from the edge to the data center to help expand and accelerate the growth of artificial intelligence (AI). Intel sees AI transforming the way businesses operate and how people engage with the world. Intel is assembling the broadest set of technology options to drive AI capabilities in everything from smart factories and drones to sports, fraud detection and autonomous cars. At an industry gathering led by Intel CEO Brian Krzanich, Intel shared how both the promise and complexities of AI require an extensive set of leading technologies to choose from and an ecosystem that can scale beyond early adopters. As algorithms become complex and required data sets grow, Krzanich said Intel has the assets and know-how required to drive this computing transformation.
With the Intel acquisition of artificial intelligence startup Nervana Machine learning is into mainstream focus for pushing the boundaries of technology. No doubt the deal was timed to get some of the luster from NVIDIA and their stellar earnings. Nervana follows last years buy of Altera as Intel actively expands from reliance on its core CPU base. We will continue to invest in leading edge technologies that complement and enhance Intel s AI portfolio. This fits well with Altera's field programmable gate arrays (FPGAs) and programmable logic devices (PLDs).