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Intel to Invest $30M in the Future of Cloud

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Intel Labs on Wednesday announced two new Intel Science and Technology Centers (ISTC) hosted at Carnegie Mellon University focused on cloud and embedded computing research. Intel to invest $30M in the new centers over five years, part of its larger $100M program designed to increase university research and accelerate innovation. Intel invites academic researchers to submit their ideas to become a funded ISTC in 2012. Aimed at shaping the future of cloud computing and how increasing numbers of everyday devices will add computing capabilities, Intel Labs announced the latest Intel Science and Technology Centers (ISTC) both headquartered at Carnegie Mellon University.

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