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Intel acquires AI startup Habana Labs for $2 billion
short by Anushka Dixit / on Monday, 16 December, 2019
Intel has acquired Israel-based artificial intelligence firm Habana Labs for about $2 billion in a bid to enhance AI offerings to data centres and increase sales, the firm announced on Monday. Intel is looking to generate $3.5 billion in revenue from AI-driven products this year. The company said that Habana will continue to operate as an independent business unit.
read more at Reuters