Movidius Signs "Substantial" Sales Deal with Google

Independent: Movidius signes a "substantial" sales deal with Google. The deal is said to be the first in an expected series of announcements to be made by Movidius with big international companies as it seeks to establish a global position at the top of the emerging IoT market.

Google intends to use Movidius vision processor to build as-yet unnamed products that can handle large amounts of computer processing by themselves without having to beam the raw data back to servers or data centres for interpretation.

"Think of a security camera," Sean Mitchell, co-founder and CEO of Movidius. "Using our chip, it can understand what it's seeing or hearing without being told by a more powerful machine in a data centre. In this way it can act with more autonomy and in a more unsupervised way."

"What Google has been able to achieve with neural networks is providing us with the building blocks for machine intelligence, laying the groundwork for the next decade of how technology will enhance the way people interact with the world," said Blaise Agϋera y Arcas, head of Google's machine intelligence group in Seattle. "By working with Movidius, we're able to expand this technology beyond the data center and out into the real world, giving people the benefits of machine intelligence on their personal devices."

Update: Movidius publishes a Youtube video with explanations: