Intel is set to buy Stanford University-backed machine learning optimisation business SigOpt, which had raised at least $8.6m in funding.

SigOpt, a US-based data optimisation platform developer backed by Stanford University, has agreed to be acquired by semiconductor and data techology provider Intel in a deal of undisclosed size. Founded in 2014, SigOpt offers a cloud-based repository of Bayesian statistical algorithms that help machine learning engineers optimise artificial intelligence models. Clients input data into SigOpt’s…

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