Partnership

Intel acquires Nervana Systems

Intel acquired Nervana Systems for an estimated USD 408 million to gain specialized AI chip expertise and a deep learning software platform. Intel shut down the Nervana product line in January 2020 in favor of Habana Labs.

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Parties (2)

Intel Corporation investor partner
Nervana Systems other

Timeline

Announced: 2016-08-09
Start: 2016-08-09

Sources (1)

https://www.vox.com/2016/8/9/12413600/intel-buys-nervana-350-million

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