If anything one can intepret from Intel’s Venture firms investment is a clear momentum towards cloud computing. San Jose Mercury news reported that Intel Capital invested in:
One can notice that 2 out of the four are in Cloud Computing: Adaptive Computing and Joynet. The rest two are : Chip design(no wonder for Intel) and Clean tech (again another indication of future direction).
This is not just Intel, but there is alot of funding happening in Cloud Computing area pushing the cloud way high in the sky! Other areas are mobile, and social platforms.