Intel Acquires AI Chip Startup Habana Labs For $2 Billion

Intel Corporation has acquired the Habana Labs, for around $2 billion. The acquisition strengthens the chip marker AI portfolio and accelerates its efforts in the AI silicon market. Intel estimates the total addressable market (TAM) for AI silicon to be greater than $25 billion by 2024. The AI chip market in the data center to be greater than $10 Billion, notes Intel in the announcement. Moreover, the two companies can accelerate the delivery of AI products for the data center, addressing customer evolving needs.