Intel gobbles AI chip biz Nervana for $350m

Intel is knuckling down its efforts into artificial intelligence by buying Nervana Systems, a startup company that specializes in deep learning. The deal is, we're told, worth $350m. Chipzilla's server-grade processors, the Xeon and Xeon Phi, power a lot of the world's deep learning training, and it's the algorithms from …

[Ted's Toy]

Another fail around for something other to do or distract the market. This is so that it is perceived that management are doing something about a failing business model.