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Monday, 12/16/2019 9:17:18 AM

Monday, December 16, 2019 9:17:18 AM

Post# of 201447
Intel Acquires Artificial Intelligence Chipmaker Habana Labs

9:00 am ET December 16, 2019 (BusinessWire) Print
Intel Corporation today announced that it has acquired Habana Labs, an Israel-based developer of programmable deep learning accelerators for the data center for approximately $2 billion. The combination strengthens Intel's artificial intelligence (AI) portfolio and accelerates its efforts in the nascent, fast-growing AI silicon market, which Intel expects to be greater than $25 billion by 2024(1).
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