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"Intel (INTC) shares today are down 32 cents, or 0.9%, at $34.60, along with the broader market, after the company said late yesterday it is acquiring San Diego-based, venture-backed startup Nervana Systems for undisclosed terms, a deal the company says will help advance its capabilities in artificial intelligence computing. There hasn’t been much commentary today, but […]", blogs.barrons.com
"The chip giant Intel announced a deal to buy an artificial intelligence start-up run by an Indian origin entrepreneur, on Tuesday. Intel acquired the start-up, Nervana Systems, which was founded in 2014 and is headquartered in San Diego, California, in deal that valued at around $408 million as the computer chip colossus looks to broaden its role in data centres and the expanding internet of things.", www.americanbazaaronline.com
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