Intel acquires AI chip startup Habana Labs for $2 billion

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Intel acquires AI chip startup Habana Labs for $2 billion

Intel, on December 16, made the announcement of it acquiring the Israel-based firm Habana Labs, which develops programmable AI as well as machine learning boosters for the cloud data centers.

The deal likely is worth around $2 billion and Intel believes that it will improve its AI approach.

Last November, the Habana collected $75 million in working capital. The firm wishes to remain an independent self-sustaining business unit as well as attended by its present management group. Avigdor Willenz, board chair, will be working as a senior adviser for both Intel and the business unit.

On the software front, Habana will be providing an advancement and accomplishment environment known as SynapseAI. It will also provide a JIT compiler and libraries designed to benefit customers deploy results as AI assignments. Essentially, it backs every machine learning foundation and Standard AI. Also, it supports the “Open Neural Network Exchange” pattern advocated by IBM, Qualcomm, Microsoft, AMD, Huawei, and others.

CEO of Habana, David Dahan says that Intel has built an excellent AI team. David is eager to work with Intel and boost its range of business.

Intel’s future is AI. The Santa Clara-based firm’s AI chip division scored $3.5 billion in credit this year. It is estimated to grow by 30% every year.

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