Intel to Acquire Movidius in Bid to Boost Artificial Intelligence Portfolio

Shares of Intel (INTC) - Get Report 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.

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