Intel buys AI startup Habana Labs for $2 billion

guest · Dec 16, 2019

Intel buys AI startup Habana Labs for $2 billion
December 16, 2019
https://www.reuters.com/article/us-...artup-habana-labs-for-2-billion-idUSKBN1YK1BU

Intel Corp has acquired Israel-based artificial intelligence firm Habana Labs for about $2 billion, the chipmaker said on Monday, in a bid to strengthen its fast-growing data-center business.

As PC sales have stagnated, Intel has increasingly been depending on its sales to data centers, which provide behind-the-scenes computing power for mobile and web-based apps. Those apps, in turn, rely on artificial intelligence for features like photo and speech recognition.

“More specifically, Habana turbo-charges our AI offerings for the data center with a high-performance training processor family and a standards-based programing environment to address evolving AI workloads,” Navin Shenoy, general manager of Intel’s data platforms group, said in a statement.
Habana will remain an independent business unit led by its current management team and report to Intel’s data platforms group.
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Intel Acquires Artificial Intelligence Chipmaker Habana Labs

Combination Advances Intel’s AI Strategy, Strengthens Portfolio of AI Accelerators for the Data Center
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