Intel invests $1B to boost AI adoption

Artificial intelligence or AI is the buzzword in the technology world today with every tech major investing heavily in the domain and trying to integrate it into their products. Following the trend, the US chipmaker, Intel too has made a massive investment of over $1 billion in the technology, the company has announced.

"Our belief is that AI will bring significant new opportunities to transform business – from retail to healthcare to manufacturing – and have an immensely positive impact on society," Brian Krzanich, CEO Intel said in a blog post. 

Brian says that Intel is making strategic investment to boost AI adoption. This includes technology, R&D and partnerships with business, government, academia and community groups. "We are deeply committed to unlocking the promise of AI: conducting research on neuromorphic computing, exploring new architectures and learning paradigms. We have also invested in startups like Mighty AI, Data Robot and Lumiata through our Intel Capital portfolio and have invested more than $1 billion in companies that are helping to advance artificial intelligence," he added.

Intel currently offers a range of AI solutions under its Nervana AI portfolio that includes:

- Intel Xeon Scalable family – providing highly scalable processors for evolving AI workloads and our purpose-built silicon for the most intensive deep learning training codenamed “Lake Crest”

- Intel MobileEye – vision technologies for specialised use cases such as active safety and autonomous driving

- Intel FPGAs – programmable accelerators for deep-learning inference

- Intel Movidius – low-power vision technology provides machine learning at the edge.