The New Owner of Altera is Officially Intel
As you know, Intel announced purchasing Altera in June. The agreement was approved by European Commission, and Intel officially bought Altera $ 16.7 billion yesterday. With this purchasing Altera team will continue to work on new technologies at under one roof of Intel.
As you know, Intel announced purchasing Altera in June. The agreement was approved by European Commission, and Intel officially bought Altera $ 16.7 billion yesterday. With this purchasing Altera team will continue to work on new technologies at under one roof of Intel.
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Altera mainly works on an architecture of ‘field programmable gate arrays, after this purchasing, they will continue to work on Intel’s data centers and especially IoT products. We can say that agreement began to bear fruit for Intel that is preparing to launch the new Xeon processors equipped with FPGA technology in 2016.
Intel CEO Brian Krzanich said that company will work on new generation technologies such as; driverless cars and machine learning with Altera.The team will continue to operate under the department named ‘‘Programmable Solutions Group’’. The company CEO John Daane will lead to new group voluntarily 30-day transition period, then he will resign from office.
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Daniel Okafor
Daniel Okafor is the Senior AI Reporter at TrendinTech, where he covers large language models, machine learning research and the practical use of artificial intelligence across business and government. He previously reported on artificial intelligence for MIT Technology Review, covering the labs behind the current generation of frontier models and the policy debates in Washington and Brussels. Daniel holds a Master of Science in Machine Learning from Carnegie Mellon University and follows the research community closely, attending NeurIPS and ICML each year to speak with the people behind the papers. He has a particular interest in evaluation: how models are benchmarked, where those benchmarks fail and what that means for the companies betting on them.
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