Intel Has Bought A Machine Startup For $350 Million

Intel has officially bought Nervana Systems, a two-year-old machine startup in a bid to expand and dominate its data center business.

Artificial intelligence is definitely the next big thing, which is innovating like a speed of light among the Corporate data centers.

Recode reports the deal is valued within $350 million, but Intel declines to share the financial details of the deal.

Nervana System boasts of quality proved technology leadership, with Naveen Rao – former Qualcomm researcher recording great success in $25 million raised in venture funding.

Rao said that the deal didn’t reflect any hurdles in getting more capital to stay independent.

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