Intel Acquires Saffron To Push Its AI Capabilities

0
Intel Acquires Saffron To Push Its AI Capabilities
By The original uploader was VD64992 at English Wikipedia [Public domain], via Wikimedia Commons

Intel is acquiring Saffron AI, a North Carolina-based startup specializing in cognitive computing platforms similar to IBM’s Watson technology. The chip maker announced the deal on Monday, but the financial terms of the deal were not disclosed.

How Intel could benefit from Saffron

Intel is presently eying three segments. It aims to put as many chips as it can into edge devices, which include laptops, watches, gateways or any gadget that collects data, and stores it back to the network, says a report from Fortune. As Intel was late to the smartphone party, it missed much of this opportunity, but now it is trying to compensate for this with its Curie platform for wearables.

Qualivian Investment Partners July 2022 Performance Update

stocks performance 1651757664Qualivian Investment Partners performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more Dear Friends of the Fund, Please find our July 2022 performance report below for your review. Qualivian reached its four year track record in December 2021.  We are actively weighing investment proposals. Starting in November Read More

Secondly, it is making general purpose chips, which is something that Intel is known for. It makes chips for servers that process data and power data centers that make use of the the cloud. Intel’s third opportunity is a combination of the above two, and this is where Saffron could help the chip giant. As the computer industry evolves, the chip maker is aiming to convert general-purpose chips into doing very specific jobs.

This demands dedication, which comes from artificial intelligence. This was one of the main reasons Intel agreed to spend $16.7 billion on Altera, which developed a programmable chip that allows a comp