CME Group exited deep learning technology startup Nervana Systems, which had disclosed about $25m in VC funding, through the acquisition.
Semiconductor technology provider Intel agreed yesterday to acquire US-based deep learning software developer Nervana Systems for a price reported by Recode to be $408m, giving an exit to futures firm CME Group.
Nervana has built a cloud-based platform that enables businesses to incorporate enterprise-grade deep learning technology into their processes.
Intel will use Nervana’s expertise and intellectual property to expand its artificial intelligence capabilities, particularly with regard to the deep learning performance and efficiency of its Xeon and Xeon Phi…
