INTEL Movidius Neural Compute Stick in AI in Fintech Solutions

As AI is gaining prominence across the financial industry, and in order to strengthen its position in the AI in Fintech market, Intel is focusing on various strategies. For instance, acquisition can be seen as a major strategy that Intel has been following. In the last few years, the company acquired Nervana Systems, Movidius Inc, and Saffron Technology to enhance its AI portfolio, gain advantage of expertise and technology, as well as, increase its geographical market reach. Apart from the acquisitions, the company is heavily investing in deep learning solutions. Intel has been focused on acquiring the AI-based companies to strengthen its AI portfolio against its competitors. For instance, the company acquired Nervana Systems to sustain in competition with NVIDIA which specializes in the graphic processing unit. Additionally, Intel is focused on the advancement of the cognitive computing technology. Furthermore, the company joined the Partnership on AI Association (a technology association, aimed at establishing the best practices for AI), which would help Intel take advantage of the research and expertise of the association. The company aims at continuing to learn, grow, and expand in AI. Additionally, it would combine human insights and deductions with automation and analytics.