Intel is set to buy Stanford University-backed machine learning optimisation business SigOpt, which had raised at least $8.6m in funding.
SigOpt, a US-based data optimisation platform developer backed by Stanford University, has agreed to be acquired by semiconductor and data techology provider Intel in a deal of undisclosed size.
Founded in 2014, SigOpt offers a cloud-based repository of Bayesian statistical algorithms that help machine learning engineers optimise artificial intelligence models.
Clients input data into SigOpt’s system to fine tune parameters for automation, weighing areas of their artifcial intelligence models that could be improved against parts that already work…
