Intel Scoops Up Israeli Artificial Intelligence Firm for $2 Billion
Intel Corporation has acquired Habana Labs for $2 billion.
Habana Labs is an Israel-based developer of programmable deep learning accelerators for data centers. The deal will deepen Intel’s artificial intelligence (AI) portfolio. It also accelerates Intel’s efforts into the fast-growing AI silicon market, which it expects to top $25 billion by 2024.