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Intel Invests $30M in Cloud Computing and Technology Innovation Center

Intel (NASDAQ: INTC) has invested $30 million to build two science and technology centers that will expand its cloud computing capabilities.

Researchers will explore built-in application optimization, big online data analytics and cloud distribution and localization.

The centers are part of a five-year $100 million program designed to increase university research and accelerate innovation in certain “key” business areas.

The centers will be headquartered at Carnegie Mellon University and combine researchers from Carnegie Mellon University, Georgia Institute of Technology, University of California Berkeley, Princeton University and Intel

“These new ISTCs are expected to open amazing possibilities, ” said Justin Rattner, Intel’s chief technology officer. “Imagine, for example, future cars equipped with embedded sensors and microprocessors to constantly collect and analyze traffic and weather data. That information could be shared and analyzed in the cloud so that drivers could be provided with suggestions for quicker and safer routes.”

To read more about the centers, click here.

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