Intel Purchases Habana Labs for $2 Billion


Intel’s is expanding its AI offerings with a $2 billion purchase of Israel-based AI chip-making start-up, Habana Labs. AI is already an essential part of Intel’s business. The company is expecting the acquisition to attract more data-center customers. The AI chips in data centers are the extensive information-storage facilities for companies. They help in identifying customers’ trends and analyze the market.

In a press release, Intel announced the deal would “turbo-charge” their AI. The Gaudi AI Training Processor by Habana labs is expected to deliver 4X throughput of systems. Thus, Intel is hoping to use its AI capabilities for photo and speech recognition.