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Home > Tech News > Intel officially acquired HabanaLabs to promote the development of artificial intelligence
Intel officially acquired HabanaLabs to promote the development of artificial intelligence

Intel officially acquired HabanaLabs to promote the development of artificial intelligence

By  Michel Turek 2019-12-30 408 29

[gearbest News] Intel officially announced the acquisition of Habana Labs a few days ago. The company mainly provides programmable deep learning accelerators for data centers and is headquartered in Israel. According to officials, the acquisition will strengthen Intel's artificial intelligence product portfolio and accelerate its development in the artificial intelligence chip market. Intel expects the market to be worth more than $25 billion by 2024. Navin Shenoy, executive vice president and general manager of Intel's data platform division, said that, Habana Labs has greatly enhanced the strength of its data center artificial intelligence products, which makes it easier for them to cope with changing artificial intelligence loads.

Intel's artificial intelligence strategy is based on the belief that making full use of the power of artificial intelligence to improve business results requires a broad combination of software and hardware technologies and complete ecosystem support. Now, Intel artificial intelligence solutions are helping customers turn data into business value and generate considerable revenue for the company. In 2019, Intel's artificial intelligence business generated more than $3.5 billion in revenue, up more than 20 per cent from a year earlier.

Habana Labs will act as a separate business unit after the acquisition and will continue to be led by the current management team. Habana will report to Intel's data platform division, which is also home to Intel's extensive data center artificial intelligence technology. The acquisition will enable Habana to take full advantage of Intel's artificial intelligence capabilities, including deep expertise and accumulated resources in artificial intelligence software, algorithms and research over the past three years, which will help Habana continue to expand and accelerate its development. David Dahan, CEO of Habana, said that he is very happy to join the Intel family, and they will continue to expand their business and bring more artificial intelligence innovation to their customers.

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