Shares of Intel were higher Tuesday on word that it will acquire Movidius, a semiconductor startup. The terms of the agreement were not disclosed. The Wall Street Journal reports that the deal would boost Intel’s artificial intelligence portfolio, as its looks to become a big player in that area. Movidius’ customers include Alphabet and Lenovo Group, which use its technology in drones, security cameras, virtual reality headsets and other devices.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
