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Intel is buying Movidius, a startup that makes vision chips for drones and virtual reality

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Recode reports “Intel announced late Monday that it is buying Movidius, a small chipmaker that makes computer vision processors used in drones and virtual reality devices, among other products.

The eight-year-old company has grown to about 180 employees, and has landed deals with Lenovo, DJI and Google. Its latest chip, the Myriad 2, can make sense of multiple video streams at once, all in a processor the size of a fingernail.

Intel, meanwhile, has been on something of a shopping spree as it looks to make sure that it doesn’t miss another wave of technology. Last month, Intel agreed to fork over more than $400 million for Nervana Systems, a machinelearning startup.” Read More