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Intel acquires AI Chipmaker Habana Labs for $2 Billion

Intel

The computer chipmaker Intel has announced that it has acquired the Israel-based Habana Labs which is an Artificial Intelligence firm for around USD 2 billion.

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The company said they have made this investment in order to strengthen its fast-growing data-center business.

With PC sales stagnating, the company has been increasingly been depending on its sales to data centers, which provides behind-the-scenes computing power for mobiles and web-based apps. Those apps rely on artificial intelligence for features like photo and speech recognition.

Navin Shenoy, General Manager, Intel data platforms group, said in a statement, ”More specifically, Habana turbo-charges our AI offerings for the data center with a high-performance training processor family and a standards-based programming environment to address evolving AI workloads.”

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Habana will, however, remain an independent business unit which is led by its current management team and will report to Intel’s data platforms group.

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