The amount includes investments in startups, purchase of companies, creation of alliances with third parties and the opening of a laboratory.
Intel’s investment arm has earmarked more than $ 1 billion to invest in artificial intelligence companies and internal structural changes.
Specifically, Intel has funded startups such as Data Robot, Mighty AI and Lumiata and has acquired Altera, Nervana Systems and Movidius. The company has created a dedicated AI department and an artificial intelligence R & D laboratory and has entered into alliances with companies, administrations and academic institutions to investigate the potential of the technology.
Brian Krzanich, CEO of Intel, has pondered this investment drive and said they are ” deeply committed to deciphering the promise of artificial intelligence: driving research into neuromorphic computing, exploring new architectures and learning paradigms.”
“I think Intel will be the chosen AI platform,” he said, as shown by ZDNet .
Although from different angles, companies like Google , Spotify , Microsoft , Uber and Facebook are some of the companies that more funds are earmarking the development of tools with layers of artificial intelligence.
As revealed in Tractica’s report, in 2016 the AI market generated 644 million dollars. The firm expects that in less than 10 years the volume reaches 37.8 billion dollars.