Intel today announced it will acquire SigOpt, a San Francisco-based startup developing a platform to optimize AI software models. Terms of the deal, which is expected to close this quarter, weren’t disclosed, but Intel says it plans to use SigOpt’s technologies across its hardware products to accelerate, amplify, and scale AI software tools for developers.
The acquisition comes as Intel responds to setbacks by doubling down on an AI silicon market it expects to be worth over $25 billion by 2024. Following a delay with its 10-nanometer processor hardware, Intel announced it would push back its 7-nanometer manufacturing process. In February, the company ended development on its Nervana AI model training technology after spending $2 billion acquiring chipmaker Habana Labs.