Intel snaps up AI chip specialist Habana Labs for £1.5bn

Intel snaps up AI chip specialist Habana Labs for £1.5bn

4 years ago
Anonymous $9ruWwTnhZq

https://tech.newstatesman.com/business/intel-buys-habana-labs

Intel has snapped up deep learning chip specialist Habana Labs in a $2bn (£1.5bn) bid to capitalise on the rising demand for AI processors.

The tech giant predicts that the market for AI processors will grow to more than $25bn (£18.8bn) by 2024, driven largely by their use in data centres.