Intel continues AI surge with $2bn processor firm buyout - TechHQ

Intel has struck a US$2 billion deal for Israel-based AI firm Habana Labs, a developer of programmable deep learning accelerators for the data center. The acquisition will "turbocharge" Intel's offerings for the data center, it said in a release, "with a high-performance training processor family and a standards-based programming environment to address evolving AI workloads." Navin Shenoy, Executive Vice President and General Manager of the Data Platforms Group at Intel, said; "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." Habana will remain an independent business unit and will continue to be led by its current management team, reporting to Intel's Data Platforms Group, home to Intel's broad portfolio of data center-class AI technologies. Intel said it expects the AI chip market to exceed US$25 billion by 2024.