LONDON, UK / ACCESSWIRE / September 22, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Intel Corp. (NASDAQ: INTC), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=INTC. The Company announced on September 18, 2017, that it has invested more than $1 billion in Companies aiming to advance AI, including the investments in Mighty AI, Data Robot, and Lumiata. Intel expects AI to speed up research on cancer, Parkinson's disease, and brain disorders, and also to expand the scientific efforts in climate change, space exploration, and oceanic research. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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The Announcement

Intel announced that it is making strategic investments in segments like technology and R&D, and partnerships with different groups. The Company also stated that it has been conducting research on neuromorphic computing, analyzing new architectures, and learning paradigms. The Company expects Intel to be the AI platform delivering unmatched reliability, performance, security, and integration, where it plans to create a roadmap of optimized products to support emerging mainstream workloads.

The Company expects AI to impact the society, jobs, and daily life which will mimic other profound transformations ranging from industrial to the PC revolution. Intel's CEO, Brian Krzanich, recently stated that self-driving cars would help eliminate nearly 1.3 million deaths caused by vehicle crashes each year. AI solutions, according to the Company, require a diverse range of power and performance to meet application requirements.

Hence, Intel will deliver infrastructure optimization and unmatched flexibility to make AI functions run alongside other critical business workloads. By delivering compute resources for machine learning and deep learning training, and inference computing needs, Intel would help users to explore AI innovation without making their own investments in computing resources up front. In addition to cloud computing resources, frameworks, tools, and support are provided along with the Nervana DevCloud. The Nervana DevCloud will deliver the following range of functions:

  1. Intel® Xeon® Scalable family - Delivering highly scalable processors for evolving AI workloads and the Company's purpose-built silicon for the most intensive deep learning training, code-named "Lake Crest".
  2. Intel® Mobileye ? vision technologies for specialized use cases such as active safety and autonomous driving.
  3. Intel FPGAs ? programmable accelerators for deep learning inference.
  4. Intel® Movidius ? low-power vision technology delivering machine learning at the edge.

The Intel Nervana Cloud

Post the announcement, on September 19, 2017, Intel's VP, Lisa Spelmen, released the Intel Nervana DevCloud, which is a cloud-hosted software and a software program for developers, data scientists, researchers, academics, and startups to accelerate development of AI solutions with free compute cloud access powered by Intel Xeon Scalable Processors. The Intel Nervana DevCloud will be available to over 200,000 developers, researchers, academics, and startups of the Intel Nervana Academy in October.

The Company has also collaborated with Tata Consultancy Services to create an Artificial Intelligence Center of Excellence in order to accelerate the development of AI solutions. The CoE will communicate with academic communities to develop new algorithms for AI, support AI research reports, and enhance teaching content in classrooms.

Last Close Stock Review

On Thursday, September 21, 2017, the stock closed the trading session at $37.20, slightly up 0.35% from its previous closing price of $37.07. A total volume of 22.92 million shares have exchanged hands, which was higher than the 3-month average volume of 21.96 million shares. Intel's stock price advanced 7.36% in the last one month, 8.27% in the past three months, and 5.47% in the previous six months. Furthermore, since the start of the year, shares of the Company have gained 2.56%. The stock is trading at a PE ratio of 14.26 and has a dividend yield of 2.93%. The stock currently has a market cap of $175.21 billion.

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