Intel Capital has invested over $1bn in AI companies, says CEO Brian Krzanich
Intel’s investment arm, Intel Venture Capital, has announced that it has invested over $1bn in start-ups that are focused on developments in artificial intelligence.
Writing in an op-ed, CEO Brian Krzanich said Intel has an "optimistic and pragmatic" view of AI’s potential impact on society, jobs and daily life.
"AI will mimic other profound transformations, creating significant new opportunities to transform business and have an immensely positive impact on society," wrote Krzanich.
Krzanich placed heavy emphasis on Intel’s role in the future of artificial intelligence, stating: "Intel will be the AI platform of choice, offering unmatched reliability, performance, security and integration.
"We are 100 percent committed to creating the roadmap of optimized products to support emerging mainstream AI workloads."
"AI solutions require a wide range of power and performance to meet application needs, and Intel has the largest selection of options for our customers to choose from."
"Businesses will need unmatched flexibility and infrastructure optimization so that both highly specialized and general-purpose AI functions can run alongside other critical business workloads, and we feel the Intel Nervana AI portfolio will deliver this."
The Artificial Intelligence Products Group has already been set up by Intel and is led by Naveen Rao, who was previously CEO and co-founder of AI software firm Nervana.
Rao has previously reinforced the importance of AI to Intel in an op-ed in March, stating that the company will "push the forefront of computing" with their research lab.
"Data inference, or finding useful structure in data, may indeed be the largest computational problem of our time. That is why AI is so important to Intel," Rao wrote.
Searching for the Top 100 Leaders in Technology
The search is on for the Top 100 Leaders in Technology 2021 – nominated by readers of Technology magazine and open to all.
The initiative has been launched and nominations are now open, with the final, prestigious Top 100 due to be announced during Technology and AI LIVE running 14-16 September, beamed from London to the world.
This latest, definitive list of the leading executives and influencers in the industry will be announced at the event and shared across social media channels, this website, and presented in a special supplement that honours all of those named in our annual list.
The Top 100 Leaders follows on from the well-received Top 100 Women in Technology that BizClik Media Group (BMG) – publishers of Technology magazine, AI magazine and a growing portfolio of industry-leading titles – produced in March this year to coincide with International Women’s Day.
“The Top 100 Women recognised the incredible and influential women driving our industry,” says Scott Birch, editorial director, BMG. “The success of that initiative encouraged us to recognise the Top 100 Leaders – individuals championing everything that we love about technology and embracing best practice that’s good for business.”
Nominations are already coming in, with some notable highlights including:
Rhonda Vetere - Herbalife
Bryan Smith - Expedient
Nominate your Top 100 Leader HERE
The deadline for nominations closes on Sunday 1 August 2021, and it is free to nominate. The Top 100 Leaders will be announced across our platforms and at the LIVE event.