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Nervana’s $400M+ Buyout Reflects Key Tech Trend in Machine Learning

Xconomy

On the day after Intel announced its acquisition of San Diego machine learning startup Nervana Systems, investor Steve Jurvetson told me he was feeling a sense of satisfaction about a call he made three years ago, and how it has been playing out.

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Intel Combines Global AI Work Under Former Nervana Systems CEO

Xconomy

Roughly seven months after Intel (NASDAQ: INTC ) acquired San Diego-based Nervana Systems, the chipmaker is consolidating its portfolio of artificial intelligence businesses in one group, headed by former Nervana CEO Naveen Rao. Rao plans to remain in San Diego, according to a spokeswoman for Intel Nervana.

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Bio Roundup: Senate Drama, A.I. Stories, Data Dives, Shkreli & More

Xconomy

There is no Obamacare replacement, at least not as of this writing. The nonpartisan Congressional Budget Office report Monday put the bill’s potential effects in stark relief: $321 billion in deficit reduction because of tax cuts and a Medicare rollback, and 22 million more people uninsured by 2026.

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