Intel Acquires Israeli Deep-Learning Computing Startup Habana Labs For $2 Billion Technology News

US semiconductor giant Intel has acquired Israeli startup Habana Labs, a developer of artificial intelligence processors, for $2 billion, the company announced on Monday. Founded in 2016, Habana Labs develops processor platforms that are optimized for training deep neural networks and for inference deployment in production environments. The company is headquartered in Tel Aviv and has offices in California, Poland, and China. Intel led a $75 million investment in Habana Labs in 2018. That year, Habana unveiled its Goya inference processor which it says is ideally suited for the most demanding AI applications in the industry, including private and cloud data centers, autonomous vehicles, factory and warehouse automation robots, and high-end drones.