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Intel buys Israeli AI chip specialist Habana Labs for USD 2 bln

Monday 16 December 2019 | 15:59 CET | News
Intel has bought Israeli AI chip startup Habana Labs for USD 2 billion, following reports the sale would run to USD 1 billion. The startup, which develops programmable deep learning accelerators, will become part of Intel's artificial intelligence (AI) portfolio and push the company's efforts in the AI silicon market, which Intel expects will be worth over USD 25 billion by 2024.

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Categories: General
Companies: Intel
Countries: Israel / World
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