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Chipmaker Habana Labs

Intel Acquires Artificial Intelligence Chipmaker Habana Labs

Combination Advances Intel’s AI Strategy, Strengthens Portfolio of AI Accelerators for the Data Center Intel Corporation announced that it has acquired Habana Labs, an Israel-based developer of programmable deep learning accelerators for the data center for approximately $2 billion. The combination strengthens Intel’s artificial intelligence (AI) portfolio and accelerates its efforts in the nascent, fast-growing AI silicon market, which Intel expects to be greater than $25 billion by 20241. “This acquisition advances…