Andre Yoskowitz
15 Sep 2013 23:35
Intel has purchased the Spanish artificial intelligence technology startup Indisys, a company that focuses on natural language recognition.
The deal was reportedly around €20 million ($26 million) and follows Intel's recent acquisition of Omek, an Israeli startup with specialties in gesture-based interfaces.
Indisys employees have joined Intel already, confirms the company: "Intel has acquired Indisys, a privately held company based in Seville, Spain. The majority of Indisys employees joined Intel. We signed the agreement to acquire the company on May 31 and the deal has been completed. However, I can confirm that the value of the transaction is not material to Intel."
Intel would not confirm how they are using the tech: "Indisys has a deep background in computational linguistics, artificial intelligence, cognitive science, and machine learning. We are not disclosing any details about how Intel might use the Indisys technologies at this time."