Intel has announced the company plans to invest NIS 55 million over the next five years to establish a new research institute in collaboration with Israeli academic institutes.
This new institute will conduct research on "computational intelligence" and study the use of computer systems to increase mental ability through performance of various complex tasks like analysing huge amounts of information, computational decision making, complex input comprehension and through intelligible human communications.
The institute will start functioning from early 2012 and will be jointly managed by academic researchers and Intel.
Justin Rattner, Director and Corporate Vice President of Intel Lab said, "The new institute underscores Intel's commitment to the next generation of innovation by establishing and funding a joint academic research initiative," as reported by YNet.com
Maxine Fassberg, CEO of Intel Israel, stated, "Intel has a long standing relationship with Israel's academic community."
At present, Intel is managing six development and production facilities located in Israel. The topics of research of the institute will depend on promotion of collaboration between academic researchers and development experts of Intel.