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Intel Buys Israeli AI Chip Firm Habana In $2 Billion Deal

Intel buys Israeli AI chip firm Habana in $2 billion deal. The California-based chipmaker said Monday that the buy will assist it with accelerating registering power and improve proficiency at server farms.

The move is a part of Intel’s more extensive procedure to reinforce its artificial intelligence business. The organization expects artificial intelligence services will produce more than $3.5 billion in income this year, an expansion of in excess of 20 percent from a year ago.

General manager and executive vice president of the Data Platforms Group at Intel, Navin Shenoy 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 centre.”

Habana, established in 2016, will stay an autonomous business drove by its present supervisory group in Caesaria, Israel, as indicated by Intel. The startup’s first processing chip, the Goya, is monetarily accessible. Its second was reported recently.

“More specifically, Habana turbo-charges our AI offerings for the data centre with a high-performance training processor family and a standards-based programming environment to address evolving AI workloads,” added further.

 

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