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
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
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
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.
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.