Intel Habana: What Does It Mean For AI (Artificial Intelligence)?

FILE - In this Oct. 1, 2019, file photo the symbol for Intel appears on a screen at the Nasdaq ... [ ] MarketSite, in New York. Intel said Monday, Dec. 16, that it has bought Israeli artificial intelligence startup Habana Labs for $2 billion. This week Intel agreed to pay roughly $2 billion for Habana Labs. Based in Israel and founded in 2015, the company is a startup focused on AI (Artificial Intelligence) chips. Keep in mind that Habana has raised a total of $75 million, which is a fairly modest amount for a hardware company (Intel Capital was one of the investors). According Intel's executive vice president and general manager of the Data Platforms Group, Navin Shenoy: "This acquisition advances our AI strategy, which is to provide customers with solutions to fit every performance need–from the intelligent edge to the data center.