New streaming service technology is picking up steam as Intel announces that they have invested in the new technology.

Intel and Gaikai announced the deal today that will see Intel take a stake in the technology that features Intel's new powerful range of six-core processors at the heart of its servers.

David Perry, CEO of Gaikai Inc said: "Intel's mind-blowingly fast CPUs have had a profound effect on our business model, allowing us to stream more games simultaneously while offering users a premium experience. Having Intel Capital buy into our vision as much as we buy into their processors makes this a great deal for both companies."

Lisa Lambert, Vice-President, Intel Capital added: "Innovations in both content delivery technologies and the supporting data center architectures are transforming the future of gaming by enabling the distribution of leading edge games on a wide variety of connected devices to internet users worldwide. Gaikai's innovative interactive content network positions the company as a leading provider in the emerging area of cloud-based gaming and we look forward to working with Gaikai to provide new data center capabilities to support their technologies."

By Ewan Aiton