Brian Krzanich: Intel Invests $1B in Startups to Help Drive AI Tech Development

Intel has invested more than $1 billion in startup companies to support the development of artificial intelligence technologies.

CEO Brian Krzanich wrote in an article published Monday that Intel has funded AI-focused companies such as Mighty AI, Data Robot and Lumiata through the firm’s capital business.

Krzanich added Intel developed suite of AI products to help customers manage workloads.

The Nervana portfolio includes the Xeon processor for AI workloads; Mobileye visual technology for applications such as autonomous driving; and Movidius low-power vision technology for machine learning.

Krzanich said he expects AI technologies to transform business in various industries such as the retail, healthcare and manufacturing sectors.

Check Also

John Cooney

Former ITA Official John Cooney to Lead SkyWater’s Government Engagements

John Cooney, a former official at the Department of Commerce's International Trade Administration, has joined semiconductor foundry services provider SkyWater Technology as director of U.S. government relations.

Ellen Lord

DoD Launches Pilot Programs for Software Procurement; Ellen Lord Quoted

The Department of Defense (DoD) has made continued efforts to transform software procurement across the military,  FedScoop reported Thursday. Ellen Lord, undersecretary of defense for acquisition and sustainment and four-time Wash100 Award recipient, has developed pilot programs to test the acquisition.

Analyst1

Analyst1 to Help DoD’s Innovation Org Develop Cyber Threat Intell Platform

Analyst1 has been selected help the Defense Innovation Unit transform cybersecurity operations through the development of an enterprise-grade technology that will work to automatically process threat intelligence data.