Deals
Intel Buys Israeli AI Chipmaker Habana Labs for $2 Billion
- Startup purchase adds to Intel’s data center offerings
- Habana Labs to remain independent for now, Intel says
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Intel Corp. bought Habana Labs, an Israeli startup that develops chips for artificial intelligence applications, for about $2 billion to bolster its efforts in the fast-growing market for AI silicon.
The purchase is the latest in a string of acquisitions aimed at making Intel’s offerings essential to some of the biggest buyers of silicon and fending off rising competitors. Companies such as Alphabet Inc.’s Google and Amazon.com Inc.’s AWS are increasingly designing their own chips to manage the explosion of information flowing through their data centers using techniques such as machine learning.