Intel Unleashes RealSense—New AI, Robotics Player Scores Huge Investment

Intel Corp. (NASDAQ:INTC) announced on Friday that it has separated its AI, robotics and biometric business into RealSense, an independent company.

The Details: Intel also announced that RealSense has secured $50 million in Series A funding, according to CNBC.

The investment round includes backing from the MediaTek Innovation Fund and Intel Capital, the chipmaker's own venture arm, which is also being spun out.

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RealSense focuses on developing robotic automation technologies and plans to use the new funding to create innovative products and meet increasing global demand.

Nadav Orbach, who previously led innovation at Intel, will ...