Thu. Dec 5th, 2019

My Game Mag

Video Game & Hardware News, Walkthrough, Guide and Workarounds

Intel in Negotiations for Habana Labs Acquisition

1 min read

Intel is currently performing negotiations to acquire Israeli AI chip startup, Habana Labs, according to a person who spoke to Calcalist anonymously. If the deal realizes, Intel will pay between one and two billion USD, making it Intel’s second-largest acquisition of an Israeli company. When asked about the potential deal, the Intel spokesperson has stated that the company will not respond to rumors surrounding it, while Habana Labs has yet to respond to a request for comment made by Calcalist.

Founded in 2016 by Israeli entrepreneur Avigdor Willenz, who founded Galileo Technologies and Annapurna Labs, Habana Labs develops processors for training and inference of Machine Learning models. This acquisition would allow Intel to compete better in the AI processor market and get new customers which were previously exclusive to Habana Labs.


Source:
Calcalist

Loading...
Copyright © All rights reserved. | Newsphere by AF themes.