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Intel pays $350m for two-year-old AI company

Intel is said to be paying over $350 million for a two-year-old 48-person start-up called Nervana, which is involved in deep learning and AI (artificial intelligence). Pictured is Intel’s datacentre boss Diane Bryant with the Nervana founding team. Nervana has raised $25 million in venture capital and has a contract with the US intelligence community’s venture arm In-Q-tel. Its CEO is a …

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