Intel Bought AI Startup Habana labs for $2mil
This morning, Intel announced that it has acquired Habana Labs, a programmable AI development company from Israel and cloud data center machines for learning accelerators, in a strong message of its ambition for the $91.18 billion AI chip market.
The deal is worth about $2 trillion and, when Habana continues to purchase technology from sellers, Intel says it is going to strengthen its AI policy. Habana last November generated $75 million in investment capital.
This is an independent business organization and will continue to be guided and communicated to the group of software platforms at Intel by its established management team. President Avigdor Willenz is named senior director to both the Business Unit and Intel.
This acquisition in 2020 extends the AI plan to provide consumers with the technologies they need for any performance intelligent edge to the data center. It was said by the executive vice president and general manager of Intel Navin Shenoy’s technology platform division. Habana, in particular, is bringing Intel AI offerings to its data center, with a high-quality chip family and a high-performance training system.