Intel Buys SigOpt to Scale AI Performance

October 30, 2020

Today, Intel announced it will acquire SigOpt, a San Francisco-based provider of a leading platform for the optimization of artificial intelligence (AI) software models at scale. SigOptís AI software technologies deliver productivity and performance gains across hardware and software parameters, use cases and workloads in deep learning, machine learning and data analytics. Intel plans to use SigOptís software technologies across Intelís AI hardware products to help accelerate, amplify and scale Intelís AI software solution offerings to developers.

Raja Koduri, Intel senior vice president, chief architect and general manager of Architecture, Graphics and Software (IAGS) said,  ďIn the new intelligence era, AI is driving the compute needs of the future. It is even more important for software to automatically extract the best compute performance while scaling AI models. SigOptís AI software platform and data science talent will augment Intel software, architecture, product offerings and teams, and provide us with valuable customer insights. We welcome the SigOpt team and its customers to the Intel family.Ē

SigOptís software technologies combined with Intel hardware provide competitive advantages and differentiated value for data scientists and developers, and they complement Intelís existing AI software portfolio.

ďWe are excited to join Intel and supercharge our mission to accelerate and amplify the impact of modelers everywhere,Ē said Scott Clark, SigOpt CEO and co-founder. ďBy combining our AI optimization software with Intelís decades-long leadership in AI computing and machine learning performance, we will be able to unlock entirely new AI capabilities for modelers.Ē

The deal is expected to close this quarter. Transaction terms were not disclosed. SigOptís team Ė including Clark and CTO and co-founder Patrick Hayes Ė will join the Machine Learning Performance team in IAGS. They bring highly desired technical talent to help solve some of the biggest challenges faced by Intelís customers.

SigOptís customer base includes Fortune 500 companies across industries, as well as leading research institutions, universities and consortiums. SigOptís software technologies will continue to be available to data scientists and developers to enable better productivity and performance in solving real-life use cases and drive business value for customers.

About Intelís AI Strategy: Intelís AI strategy is grounded in a belief in the power of AI to improve business outcomes. It requires a broad mix of technologies Ė hardware and software Ė and full ecosystem support. Intel expects the AI silicon market to be greater than $25 billion by 20241. AI solutions already drive meaningful revenue for the company with more than $3.8 billion in AI-driven revenue in 2019. The combination of SigOptís software technologies and Intel hardware is expected to drive increased AI adoption. Intelís AI software strategy is aimed at optimizing Intelís hardware performance, providing tools to speed up the AI workflow process and building a consistent experience for developers with oneAPI.

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