real-time news and commentary for investors
Friday, Sep 13
Intel reportedly buys natural language startup; more on Jefferies' upgrade
- TechCrunch reports Intel (INTC +3%) has acquired Indisys, a Spanish developer of natural language-processing software, for a price above $26M.
- Indisys, a 10-year-old company, has applied its natural language tech to creating mobile virtual assistant, contact center, and search engine, and social network analysis apps, among other products.
- Intel's purchase comes as Apple (Siri), Google (Now), and most recently Microsoft (Cortana) each make big investments in voice assistant platforms. Voice-recognition mainstay Nuance (NUAN -0.7%), which helps power Siri, isn't standing idly either.
- Voice/gesture recognition is clearly an area of interest for Intel. The company bought gesture-recognition startup Omek in July, and declared at IDF PCs featuring its gesture-recognition tech will arrive in 2014.
- Meanwhile, Jefferies' Mark Lipacis, who upgraded Intel to Buy this morning, declares the chip giant "offers one of the best alpha generation opportunities in semis," and praises its efforts to finally leverage its manufacturing leadership to make CPUs "that are lower power, higher performance and cheaper than competitive solutions."
- It isn't clear yet that Intel's new Bay Trail Atom tablet CPUs will be cheaper or less power-hungry than comparable ARM-based parts, but if Intel's benchmarks are close to accurate, they should have a performance edge.