Chip giant has invested $1bn in AI

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Intel has invested more than $1billion in artificial intelligence (AI), supporting start-ups and investing in companies such as Mighty AI, DataRobot, Lumiata and AEye.

Commenting on the company's approach to AI, CEO Brian Krzanich said that Intel was deeply committed to unlocking the promise of AI, which he said would 'make the impossible possible: advancing research on cancer, Parkinson’s disease and brain disorders; helping to find missing children; and furthering scientific efforts in climate change, space exploration and oceanic research'.

Over the past few years, Intel has made a number of AI related acquisitions, including Israeli automotive tech player Mobileeye and Irish chip company Movidius.

In order to continue to drive AI innovation, Krzanich said that Intel would be making further strategic investments across technology and R&D, and would be looking to establish partnerships with business, government, academia and community groups.

“At Intel, we have an optimistic and pragmatic view of AI’s impact on society, jobs and daily life that will mimic other profound transformations, from the industrial to the PC revolutions,” Krzanich said. “Our belief is that AI will bring significant new opportunities to transform business – from retail to healthcare to manufacturing – and have an immensely positive impact on society.

“We are deeply committed to unlocking the promise of AI; conducting research on neuromorphic computing, exploring new architectures and learning paradigms.”

Krzanich said that the chip giant is aligning its products to meet the AI challenge, with new members of the Xeon processor line-up to cope with AI workloads and intensive deep learning, codenamed Lake Crest.