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Intel Corp. CEO Says Nervana AI Chip Revenue Comes Next Year


Intel Corp. CEO Says Nervana AI Chip Revenue Comes Next Year

In summer 2016, chip giant Intel (NASDAQ: INTC) announced it would acquire a company called Nervana to accelerate its efforts in the small-but-fast-growing market for artificial intelligence and machine learning processors.

With Nervana's technology, Intel hopes to more effectively compete against technologies like NVIDIA's graphics processing units (GPUs), which are more efficient than Intel's general purpose central processing units (CPUs) for specific machine learning tasks.

Image source: Intel.

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Source: Fool.com

Intel Corp. Stock

€28.90
0.750%
The Intel Corp. stock is trending slightly upwards today, with an increase of €0.22 (0.750%) compared to yesterday's price.
Currently there is a rather positive sentiment for Intel Corp. with 23 Buy predictions and 12 Sell predictions.
As a result the target price of 38 € shows a positive potential of 31.49% compared to the current price of 28.9 € for Intel Corp..
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