Intel buys Seattle artificial intelligence startup

Artificial Intelligence
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Intel, eager to expand into new markets beyond the fading PC sector, said Thursday it has purchased a three-year-old Seattle artificial intelligence startup called Vertex.AI.

It’s Intel’s second acquisition since the abrupt exit of chief executive Brian Krzanich in June, signaling the company continues to pursue its strategic objectives even as it seeks a new CEO.

Vertex said on its website that it is now part of Intel’s artificial intelligence products group and will continue hiring in Seattle for that segment. Vertex has seven employees.

“With this acquisition, Intel gained an experienced team and (intellectual property) to further enable flexible deep learning at the edge,” Intel said in a statement. The companies did not report terms of Thursday’s deal.

In July, Intel bought a Silicon Valley company called eASIC to complement Intel’s programmable chips segment.

— Mike Rogoway | twitter: @rogoway | 503-294-7699

(Excerpt) Read more Here | 2018-08-16 23:53:00

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