We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Intel (INTC) to Buy Nervana for Deep Learning Technology
Read MoreHide Full Article
Intel Corporation (INTC - Free Report) announced yesterday that it is acquiring Nervana Systems, an artificial intelligence startup based in San Diego. Though Intel didn’t disclose the exact value of the deal, as per some media reports it is said to be worth over $350 million.
Why this Move?
We note that the deal comes at a time when Intel is shifting its focus from the traditional desktop PC market to its data center business, which is registering significant growth. With this deal, Intel will be better positioned to enhance its prowess in data center as well as machine learning, which is gradually gaining prominence.
Internet of Things (IoT) is slowly but gradually making its way into our lives. With more and more connected devices, a huge amount of data is generated that needs to be interpreted to gain insights. With this move, Intel will be in an advantageous position to gain expertise in deep learning (an aspect of machine learning used in training the software) that finds its application in IoT.
Scope
With this acquisition, Intel will integrate Nervana’s technology into its chips to create more powerful and intelligent products. Given the fact that more than 90% of the servers used worldwide for this type of processing jobs run on Intel’s chips, there is huge scope for this technology.
Currently, NVIDIA Corporation’s (NVDA - Free Report) Graphic Processor Units (GPUs) are used for the purpose of training machines for deep learning. However, there are several additional functionalities in these GPUs that are not required for this job. On the other hand, Nervana’s dedicated accelerator and software that the company is developing at the moment are tailor made to accomplish such tasks and could prove to be beneficial for clients.
Some better-ranked stocks in the broader technology space are LinkedIn Corporation and Logitech International SA (LOGI - Free Report) , both sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Intel (INTC) to Buy Nervana for Deep Learning Technology
Intel Corporation (INTC - Free Report) announced yesterday that it is acquiring Nervana Systems, an artificial intelligence startup based in San Diego. Though Intel didn’t disclose the exact value of the deal, as per some media reports it is said to be worth over $350 million.
Why this Move?
We note that the deal comes at a time when Intel is shifting its focus from the traditional desktop PC market to its data center business, which is registering significant growth. With this deal, Intel will be better positioned to enhance its prowess in data center as well as machine learning, which is gradually gaining prominence.
Internet of Things (IoT) is slowly but gradually making its way into our lives. With more and more connected devices, a huge amount of data is generated that needs to be interpreted to gain insights. With this move, Intel will be in an advantageous position to gain expertise in deep learning (an aspect of machine learning used in training the software) that finds its application in IoT.
Scope
With this acquisition, Intel will integrate Nervana’s technology into its chips to create more powerful and intelligent products. Given the fact that more than 90% of the servers used worldwide for this type of processing jobs run on Intel’s chips, there is huge scope for this technology.
Currently, NVIDIA Corporation’s (NVDA - Free Report) Graphic Processor Units (GPUs) are used for the purpose of training machines for deep learning. However, there are several additional functionalities in these GPUs that are not required for this job. On the other hand, Nervana’s dedicated accelerator and software that the company is developing at the moment are tailor made to accomplish such tasks and could prove to be beneficial for clients.
INTEL CORP Price
INTEL CORP Price | INTEL CORP Quote
Zacks Rank
At present, Intel has a Zacks Rank #2 (Buy).
Some better-ranked stocks in the broader technology space are LinkedIn Corporation and Logitech International SA (LOGI - Free Report) , both sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>