With ambitions of expanding its presence in the AI-driven enterprise software sector, Intel has unveiled plans to establish a new company. This endeavor has garnered support from DigitalBridge, an asset manager and investor headquartered in Boca Raton, Florida.
Intel’s new spinoff company is called Articul8 AI and it combines Intel’s expertise in hardware alongside some of its internally sourced open-source software to create a generative AI system that can read images and text, similar to ChatGPT. However, unlike ChatGPT, Articul8 AI is mostly meant for enterprise needs. It will be working with Boston Consulting Group (BCG’s) data centers for their security requirements.
The recently established company draws its roots from a proof-of-concept resulting from an Intel partnership with BCG in May of the previous year. The generative AI system has been in the works for over two years but was fine-tuned recently to meet BCG’s specific needs.
BCG used to be the only platform supplying and buying this specific system, but Intel has changed things around in recent months, allowing the platform to expand exponentially. Intel’s new generative AI systems are optimized to work with the company’s hardware but accommodate other options and has extended its services to companies within various sectors such as financial services, aerospace, semiconductor, telecommunications, and more. These industries demand elevated security measures and specialized domain expertise, as stated by an Intel representative.
An Intel spokesperson told TechCrunch: “Articul8’s gen AI software product was built from the ground up to address the needs of enterprises and is optimized for speed of deployment, scalability, security, and sustainability — including costs. The Articul8 platform delivers AI capabilities that keep customer data, training, and inference within the enterprise security perimeter. The platform also provides customers the choice of cloud, on-prem, or hybrid deployment.”
Articul8 AI’s workforce will include ex-Intel employees and the former VP and GM at Intel’s data center and the AI group will serve as the spinoff company’s CEO. Intel will also have a classified stake in the company.
In addition to Intel and DigitalBridge, a prominent investor in data centers and a publicly traded entity, Articul8 has secured investments from various sources. These include Fin Capital, Mindset Ventures, Communitas Capital, GiantLeap Capital, GS Futures, and Zain Group.