The global PC and data solution provider Intel announced an additional $50 million for pandemic response technology initiative to combat the coronavirus. The company will accelerate its access to technology at the point of patient care, speeding scientific research and ensuring access to online learning for students.
Intel Corporation COVID-19 Response and Readiness Initiative will offer funding to accelerate diagnosis, treatment and vaccine development, leveraging technologies such as artificial intelligence (AI), high-performance computing and edge-to-cloud service delivery.
Intel earlier announced $10 million in donations that are supporting local communities during this critical time. The planet faces an enormous challenge in fighting COVID-19. Intel is committed to accelerating access to technology that can combat the current pandemic and enable new technology and scientific discovery that better prepares society for future crises.
The prominent acquisitions and deals by Intel are mentioned below:
- December 2019: Intel Corporation, had acquired Israel-based Habana Labs for $2 billion. Habana Labs is a leading developer of programmable deep learning accelerators for data center. The acquisition will strengthen Intels artificial intelligence (AI) portfolio. As per Intel, the AI silicon market expects to be more than $25 billion by 2024.
- December 2019: Intel Corporation completed the sale of the majority of its smartphone modem business to Apple.
- September 2019: Intel collaborated with Oracle, for high-performance capabilities of Intel Optane DC persistent memory into its next-generation Exadata platform, Oracle Exadata X8M.
- April 2019: Intel announced a strategic partnership with Google Cloud to help enterprise customers seamlessly & deploy applications across on-premise and cloud environments.
Intel, headquartered in California, USA, is shaping the data-centric future with artificial intelligence (AI) portfolio and communications technology. Intel Corporation develops technologies that provide a seamless experience across multiple platforms, such as cloud, data center, PC, and IoT. The companys engineering capability helps secure, power, and connect billions of devices through smart infrastructure