Intel has made a highly strategic acquisition, greatly enhancing its position in the race to dominate vision processing chips, a key element in the hot area of mobile VR (virtual reality) driven by AI (artificial intelligence). It has snapped up Google’s close partner Movidius, which has developed an ultra-low power vision processor which can be incorporated into small devices. This will strengthen some key Intel developments such as its RealSense depth sensing technology, which it has managed to incorporate into mobile devices and drones. In turn, this will boost Intel’s hand against arch-rival Qualcomm, which is also highly active in this field, and should deepen its ties to Google. All the chip giants, also including Nvidia, are chasing key markets…