Intel Buys Israeli AI Chip Startup Habana for $2 Billion

Intel Buys Israeli AI Chip Startup Habana for $2 Billion.

Intel is paying $2 billion (roughly Rs. 14,200 crores) to buy an Israeli startup that specialises in processing chips for artificial intelligence. This acquisition will let Habana turbo-charges its AI offerings for the data centre with a high-performance training processor family and a standards-based programming environment to address evolving AI workloads. The startup’s first processing chip, the Goya, is commercially available.

Habana, founded in 2016, will remain an independent business led by its current management team in Caesaria, Israel, according to Intel.   As per Navin Shenoy, executive vice president and general manager of the Data Platforms Group at Intel-  This acquisition advances Intel AI strategy, which is to provide customers with solutions to fit every performance need – from the intelligent edge to the data centre.