Intel: buys Israeli data center firm amid AI push
(CercleFinance.com) - Californian chipmaker Intel said on Monday that it has acquired Habana Labs, an Israel-based designer of programmable deep learning processors for data centers for approximately 2 billion dollars.
The deal is intended to strengthen Intel's artificial intelligence (AI) portfolio and accelerate its efforts in the fast-growing AI silicon market, which Intel expects to exceed the 25 billion dollar mark by 2024.
Intel expects to generate over 3.5 billion dollars in AI-driven revenue this year, up over 20% from 2018.
Habana will remain an independent business unit and will continue to be led by its current management team, the company said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The deal is intended to strengthen Intel's artificial intelligence (AI) portfolio and accelerate its efforts in the fast-growing AI silicon market, which Intel expects to exceed the 25 billion dollar mark by 2024.
Intel expects to generate over 3.5 billion dollars in AI-driven revenue this year, up over 20% from 2018.
Habana will remain an independent business unit and will continue to be led by its current management team, the company said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.