The Social

Intel Capital, the chipmaker's venture arm, has signed a deal to acquire a $20 million stake in Telligent Systems, which specializes in social-networking software for businesses.

Intel is an existing client of Telligent.

The two companies have not disclosed a valuation for Dallas-based Telligent. Part of the $20 million stake has already been acquired, the companies said Tuesday, with the rest to follow within 12 months.

"This significant investment from Intel Capital will allow us to grow our team, our capabilities, and our reach during a time of market expansion," Telligent CEO Rob Howard said in a statement. The investment will be directed toward geographic expansion, hiring more sales professionals, and increasing Telligent's advertising and marketing budget.

Telligent manufactures a product called Community Server, which provides clients with blog, forum, wiki, and other collaborative and social software; the software is used primarily for customer relations and marketing. Those clients include the Associated Press, MySpace, Conde Nast, Electronic Arts, Visa, Honda, Dell, and the NFL.

Recent rumors of Intel employees signing up for Facebook accounts en masse might not have been totally unfounded: Facebook has chosen to use Intel's Xeon 5400 processor-based servers to deal with its hardware and software demands. Additionally, the two companies have signed an agreement so that Intel can continue to assess how Facebook can stay stable and improve performance.

Facebook will have "thousands" of Xeon servers, a release said.

It's not an earth-shattering announcement by any means, but Intel's pretty psyched. "Intel is excited to engage with Facebook as they are a dynamic force in the evolution of the Internet," Kirk Skaugen, vice president and general manager of Intel's Server Platforms Group, said in Thursday's release. "Facebook's selection of Intel Xeon processors for their next round of infrastructure growth is a testament to the performance, energy efficiency and technology benefits Intel can provide." Translation: it's a big deal for Intel to be able to say it makes the hardware of choice for Silicon Valley's cool kids.

Facebook's not growing quite as fast as it once was, but it's still been expanding steadily and now has over 90 million active users across the globe. With photo- and video-sharing now an essential part of social networks, their server demands can skyrocket--and it was technical difficulties that likely doomed the initial frenzy of growth at social-networking pioneer Friendster, as early execs willingly attest.

Something about this just makes me uneasy.

Bragster, a London-based site "for dares and social bets," announced Wednesday that it has secured $3.5 million in Series A venture cash. The funding round was led by none other than Intel Capital, the investment branch of the famed chipmaker.

The premise of the Digg-meets-Jackass-esque site is that members dare one another (or place open dares) to perform ridiculous feats, then insist on video evidence that they were completed. Bragster, co-founded by a former Morgan Stanley employee and an Amazon.com alum, provides prizes to some of the most over-the-top stunts and also sponsors contests like the "Undies at Uni Challenge," which appears to encourage college students to take their clothes off.

So what are some of the top bets and challenges on Bragster? One member has dared another to "slap someone around the face with a fish in a supermarket." O.K., I'd like to see that, however inappropriate it may be. Same thing with "dress like a Spartan and run around in the street shouting lines from the movie 300." Others, like "pour 2 mugs of boiling hot coffee on my laptop," start to make me uneasy. Call me old-fashioned, but somebody could get hurt. At least Johnny Knoxville occasionally informed his viewers that they shouldn't imitate him at home.

Then there's "I bet I can do 15 shots of tequila in 60 minutes." Um, that's called "really dangerous." I hope Bragster has good lawyers.