Intel to Invest Heavily in Software That Enhances Cloud-Computing Capabilities
August 24, 2015
Grazed from NYTimes. Author: Quentin Hardy.
Intel, the world’s biggest maker of computer chips, has seen its future. There may not be room for some of Intel’s old friends in it. “A new world is coming, and it is inevitable,” said Diane M. Bryant, who runs Intel’s business in chips for industrial-size computing centers. “Everyone has to act differently.”
Indeed, Intel’s venture arm is expected to announce on Monday that it will put $100 million toward software that is used in cloud computing, an increasingly popular method for making bigger and more efficient computing systems. Intel will lead a $75 million equity investment in Mirantis, a little-known start-up specializing in open-source cloud software, and will spend another $25 million on bolstering its own resources for working with Mirantis-type products, according to several people familiar with the deal…
They declined to be identified in order to maintain relations with Intel and other companies…
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