Intel acquires machine learning specialist Itseez

Intel acquires machine learning specialist Itseez

Chip maker Intel Corporation has acquired Itseez, a company specializing in computer learning and machine learning. Itseez is said to bring its expertise in advanced driver assistance systems (ADAS) for automobiles to Intel. The move is likely a part of Intel’s growing IoT-related ambitions. The firm recently acquired Yogitech, an Italian company manufacturing safety measures for semiconductors. The value of the deal it’s not been disclosed.

Doug Davis, senior vice president and general manager of Intel’s IoT group said in a blog post – “Itseez will become a key ingredient for Intel’s Internet of Things Group (IOTG) roadmap, and will help Intel’s customers create innovative deep-learning-based CV (Computer Vision) applications like autonomous driving, digital security and surveillance, and industrial inspection.”

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Itseez’s technology is supposed to let car hardware sense pedestrians and traffic signs to warn about any kind of accidents.

“This acquisition furthers Intel’s efforts to win in IoT market segments like automotive and video, where the ability to electronically perceive and understand images paves the way for innovation and opportunity,” said Davis.
Earlier this month, Intel announced an initiative that will boost the use of technology in the Indian education system. At the event, Intel said it is partnering with some popular device manufacturers and digital content publishers to build end-to-end solutions for boosting the use of technology in the Indian education sector. The company has made available its Intel Pentium Processor A1020 to device partners. Some of the device partners collaborating with Intel are Acer, Hewlett-Packard, Dell, Lenovo, Micromax, Datamini and iBall.

Source By timesofindia…

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