AI News, Intel Acquires Artificial Intelligence Chipmaker Habana Labs artificial intelligence
Intel acquires AI chipmaker, Habana Labs
An Israel-based developer of programmable AI and machine learning accelerators for cloud data centres, the firm has quite a strong record for delivering working and effective hardware for both training and inference processing.
Before the Intel acquisition, Habana Labs had raised $120 million to date, including $75 million in a funding round led by Intel Capital last year, so it makes a lot of sense as to why Intel is so keen to purchase it in a bid to expand its AI portfolio.
In a statement, Navin Shenoy, executive vice president and general manager of the Data Platforms Group at Intel, explained: 'Habana turbo-charges our AI offerings for the data centre with a high-performance training processor family and a standards-based programming environment to address evolving AI workloads.'
Intel buys Israeli startup Habana Labs that makes chips for AI apps
Intel bought Habana Labs, an Israeli startup that develops chips for artificial intelligence applications, for about $2 billion to bolster its efforts in the fast-growing market for AI silicon.
The purchase is the latest in a string of acquisitions aimed at making Intel’s offerings essential to some of the biggest buyers of silicon and fending off rising competitors.
Companies such as Alphabet Inc.’s Google and Amazon.com Inc.’s AWS are increasingly designing their own chips to manage the explosion of information flowing through their data centers using techniques such as machine learning.
The biggest chipmaker in the U.S. has responded by acquiring some of the semiconductor startups that threaten the stranglehold Intel has with its Xeon range, a product that has been dominant for more than 20 years.
Intel Buys Israeli AI Chipmaker Habana Labs For $2 Bln
(INTC) announced late Monday that it has acquired Habana Labs, an Israeli developer of programmable deep learning accelerators for the data center, for approximately $2 billion.
The company said the acquisition strengthens its artificial intelligence or AI portfolio and accelerates its efforts in the nascent, fast-growing AI silicon market.
With the acquisition, Habana will remain an independent business unit and will continue to be led by Habana CEO David Dahan and current management team.