Intel acquires machine learning platform Cnvrg.io

These models can be utilized to train and track multiple models and run comparisons on them, build recommendations and more.

Intel acquires machine learning platform Cnvrg.io
Intel acquires machine learning platform Cnvrg.io

Intel acquires machine learning platform Cnvrg.io 

Intel has recently acquired Cnvrg. Cnvrg is an Israeli company that has built and operates a platform for data scientists to build and run machine learning models. These models can be utilized to train and track multiple models and run comparisons on them, build recommendations and more.

Yahoo finance quoted a spokesperson from Intel as saying that they can confirm that they have acquired Cnvrg and Cnvrg will be an independent Intel company and it will continue to serve its existing and future customers.

Recently, Intel has been refocusing its business around next-generation chips to better compete against the likes of Nvidia and smaller players like GraphCore. This is one of the reasons behind the acquisition of Cnvrg and SigOpt which was acquired in the last week. Intel’s focus on the next generation of computing is an attemot to offset declines in its legacy operations.