Intel stated that they would purchase Movidius, a startup that focuses on computer vision technology. The acquisition of Movidius will be the tech company's latest bet on specialized chips for artificial-intelligence applications.
Terms of Intel's transaction over Movidius weren't revealed, but the deal, subject to certain closing conditions, was made known.
Movidius, the California based company that designs specialized low-power processor chips for computer vision, was founded nearly 11 years ago in Ireland. Movidius hitched up more than $85 million from venture-capital companies. It has developed algorithms and chips that they called as vision-processing units, which will be used in equipment such as drones, robots, as well as virtual reality (VR) devices, according to The Wall Street Journal.
Remi El-Ouazzane, CEO of Movidius, stated that when computers will have eyes, they can become autonomous, and the depth sensing technology of Intel would advance the capabilities of its chips.
The general manager of Intel's new technology group, Josh Walden, asserted that if the project will be successful, the technology will allow computers and machines to navigate, recognize objects, as well as avoid collision and process visual data.
Walden also said that the technology can penetrate in "Pokemon Go" augmented reality game, virtual reality (VR), and security cameras. The technology can also provide human-like sight to the 50 billion connected machines that Intel regarded as likely to happen by 2020, The Street reported.
Anyway, the processors of Movidius consume low amounts of power and good enough on small devices. Google is collaborating with Movidius to develop advanced machine learning that is suitable for mobile devices.
Blaise Agϋera y Arcas, Google head of machine learning, stated that the agreement is to bring more advanced capabilities from the data center, in which it will give individuals the benefits of machine intelligence on their personal devices.
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