Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

Intel acquires Vertex.AI, a Deep Learning startup to promote AI technologies

Intel acquires Vertex.AI, a Deep Learning startup to promote AI technologies

Intel aims to work more on AI technologies to bring it to all its business models. With the same intention, the computer processing giant, Intel has acquired Vertex.Al, a Deep Learning startup. This startup has a mission of developing “Deep Learning for every platform” and hence, it has come up with a Deep Learning engine called PlaidML.

Not many details have been disclosed by the company about its acquisition of Vertex.AI but it has released a statement confirming the deal and also that the entire team of Vertex.AI including the founders Choong Ng, Jeremy Bruestle and Brian Retford, will be joining Intel. The Vertex.AI team will now become a member of Intel’s Movidius unit. According to Vertex.AI, Intel will continue to work on PlaidML as an open source platform. It will continue to support Apache 2.0 licensed hardware with an Intel nGraph backend support. “We are excited to advance flexible deep learning for edge computing as part of Intel,” Vertex.AI said.

As a lot of new companies in the field of processor designing have emerged in the recent years, Intel, once a global leader and dominator of the processor technology has somewhat lost its glory and momentum. Therefore, the company wants to comeback with a wave of next-generation computing. The company realizes the importance of deep learning as it is going to be the future of advanced computer; hence its acquisition of Vertex.AI and other investments in AI are some of its major steps in gearing up its game a little.



Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...