Article

Intel Capital’s Aggressive Push into AI Businesses

With an ever-increasing buzz around AI, companies are eagerly looking to tap into AI capabilities for business growth. As a result, AI companies are attracting investments. Intel is pushing itself as a serious AI player by investing in a big way in AI companies. It recently put in over $1 billion in a number of AI startups. Not only that, Intel is aggressively buying companies with proven, core AI capabilities. Intel has spread its investments across AI capabilities in different industries, including driverless vehicles, climate change, medical technology, and others. Intel has invested in these companies through its investment arm, Intel Capital.

Acquiring Companies

Among the AI companies Intel has bought, the biggest one is Mobileye, headquartered in Jerusalem, Israel. Intel Capital has forked out a massive $15 billion for the deal. Intel plans to utilize Mobileye technology in its highly ambitious autonomous driving venture. Further, its acqusition of Mobileye enables Intel to directly tap into an established relationship with different automakers. Overall, Intel has set its sight on scale up in all areas for making a robust and comprehensive ecosystem for building autonomous vehicles.

Intel Capital paid nearly $400 million to buy the deep-learning startup, Nervana Systems, based in San Diego and Palo Alto, California.

Investing in Startups

Some of the startups that Intel has invested in include AEye, ConginitiveScale, Data Robot, Embodied, and Mighty AI among many others. Of these, Intel has invested $14 million in Mighty AI, which is into building AI training platforms. Another startup, Embodied, is into robotics, machine perception, cognition, and learning. AEye is a niche player in robotic vision. Intel’s another major investment is in CognitiveScale. The company caters to diverse industries by providing them machine-intelligence software tailored to their needs. And these are only some of Intel’s investments.

It’s clear Intel is going all out to become a major AI player. And it’s adopting both organic and inorganic ways to pursue its AI growth.

 
Achieve IoT Success
We understand the challenge of transforming an organization to embrace the Internet of Things. Let us help you increase your probability of success.

Contact Amyx+ for a free initial consultation.
 
About Amyx+ IoT Business Transformation | Strategy | Innovation | Product | Data Analytics
  • Voted Top IoT Influencer by Skyhook
  • Voted Top IoT Rockstar by HP Enterprise
  • Voted Top IoT Influencer by Inc. Magazine
  • Voted Top in the Business of IoT by Relayr
  • Voted Top Global IoT Expert by Postscapes
  • Voted Top IoT Authority by the Internet of Things Institute
  • Featured as a Top Internet of Things Company by Postscapes
  • Voted Most Influential in Smart Cities and IIoT by Right Relevance
  • Winner of the Cloud & DevOps World Award for Most Innovative Vendor

Amyx+ is an award-winning IoT business transformation firm specializing in IoT strategy, innovation & product development. As a thought leader in the Internet of Things, Amyx+ has the creative horsepower and the development prowess to execute even the most complex client engagements. Amyx+ is working with international and multinational enterprises to help 1) understand the impact of IoT disruptions, 2) formulate and sharpen their IoT strategy, 3) quantify the business case, 4) experiment, learn, validate, 5) develop game changing technologies, and 6) launch innovative IoT products and services worldwide. We employ a flexible methodology and approach to fit the client and needs & objectives while adapting to changing IoT environments. We have presence in San Francisco, NYC, and throughout Europe.

Website: http://amyxinternetofthings.com  
2482 views