Intel has unveiled the creation of Articul8 AI, an independent company focused on artificial intelligence (AI) software, with support from investors including DigitalBridge Group. The move reflects Intel’s commitment to advancing AI technology, addressing concerns around data privacy, and providing scalable and cost-effective generative AI solutions for businesses seeking production-level integration.
3 January 2024 – Intel has announced the formation of a new independent company, Articul8 AI, dedicated to its artificial intelligence (AI) software endeavors. The initiative, backed by digital-focused asset manager DigitalBridge Group and various other investors, will operate with an independent board of directors, while Intel remains a shareholder, signaling the company’s commitment to advancing AI technology and addressing challenges in bringing generative AI systems into production for widespread use.
While the specific value of the deal and Intel’s stake in the venture remain undisclosed, the creation of Articul8 AI is an outcome of Intel’s collaboration with Boston Consulting Group (BCG) on corporate AI technology. The generative AI system developed by Intel, capable of processing text and images, has been adapted to operate within BCG’s data centers, addressing privacy and security concerns.
Arun Subramaniyan, the newly appointed CEO of Articul8 and former VP and GM in Intel’s data center and AI group, emphasized the venture’s focus on overcoming challenges in scaling generative AI to production levels securely and cost-effectively. Articul8 aims to offer an alternative to concerns about data privacy and escalating costs associated with large cloud computing companies, presenting a solution for businesses seeking to integrate AI into their operations.
Intel’s move to create Articul8 aligns with its broader strategy of seeking external investments for specific business units. This follows the company’s spin-out of car chip firm Mobileye Global and plans for an eventual initial public offering for its programmable chip unit. Notable investors in Articul8 include DigitalBridge, Fin Capital, Mindset Ventures, Communitas Capital, GiantLeap Capital, GS Futures, and Zain Group, emphasizing the collective support for advancing AI capabilities beyond traditional cloud-based solutions. – ref: Reuters
