Intel Corporation acquires AI chipmaker Habana Labs for $2 billion

By Nikita Chaurasia  | Date: 2019-12-17

Intel Corporation acquires AI chipmaker Habana Labs for $2 billion

US tech giant Intel Corp. announced that it has inked a deal to acquire chip startup Habana Labs, for $2 billion to strengthen its artificial intelligence (AI) portfolio. The move will accelerate efforts of the company in AI silicon market, which is expected to surpass $25 billion by 2024.

Earlier, Intel had confirmed that it would soon deliver Nervana chips, but the latest deal indicates that initial lighthouse accounts would rather choose to make a second attempt with Nervana. The chips are estimated to be incapable of going forward, but Intel is likely to take a few months to explore more options and sideline Nervana.

Habana Labs has secured top standing among startups readying hardware for AI by delivering working hardware with superior performance for both interference and training processing. In September 2018, the chip startup had rolled out Goya chip for interference processing and claimed 3 times better performance benefit over NVIDIA with lower latency. In June 2019, it announced to launch its training chip Gaudi, which was claimed to perform exceptionally with an integrated fabric created following fabric standards to allow scaling to manage massive AI models.

Navin Shenoy, General Manager, Data Platforms Group, Intel, reportedly stated that the acquisition will help to develop the company’s AI strategy, to offer solutions suitable for every performance need, from intelligent edge to data center. Habana will strengthen AI offerings of the company for data center with a superior training processor portfolio and a programming environment based on standards to address increasing AI workloads, he added. 

Habana will be able to offer its technology to large datacenters, which would like to depend upon a big technology firm like Intel, instead of a small startup. Intel may offer its resources for creating a remarkable ecosystem around the company, which is unviable for well-funded startups.

For the record, acquisition of Habana follows previous AI- related investments of Intel in Movidius, Nervana, Altera, and Mobileye.
 

Source credits:

https://www.forbes.com/sites/moorinsights/2019/12/16/intel-acquires-habana-labs-for-2b/#1471cc4b19f9

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More >>

More News By Nikita Chaurasia

Pacific Island pushes Japan to delay wastewater release from Fukushima

Pacific Island pushes Japan to delay wastewater release from Fukushima

By Nikita Chaurasia

Pacific Island nations have reportedly pushed Japan to postpone the release of Fukushima nuclear power plant wastewater due to concerns that it may pollute fishing grounds. An appeal was made on Wednesday when Japan announced that treated sewage f...

Activist groups take Danone to court over excessive use of plastics

Activist groups take Danone to court over excessive use of plastics

By Nikita Chaurasia

Danone, the French bottled water and yogurt firm, is reportedly being sued in court by three environmental activists’ groups for failing to cut its plastic footprint significantly. According to the groups, the maker of Evian and Volvic miner...

Bosch expands security with dashcams designed for rideshare drivers

Bosch expands security with dashcams designed for rideshare drivers

By Nikita Chaurasia

Bosch, the German technology company, has reportedly expanded its security footprint in the ridesharing market with the launch of its latest security dashcams. At CES 2023, Las Vegas, the German tech firm unveiled a new integrated smart camera on ...

Australia: PM Albanese denies potential $450M payout to Rio Tinto

Australia: PM Albanese denies potential $450M payout to Rio Tinto

By Nikita Chaurasia

Australia's Prime Minister Anthony Albanese has reportedly denied rumors that Rio Tinto and its partners could receive a $450 million settlement for the Gladstone power station, which would bring the total compensation for the coal price limit to...

UK: Firms still struggle with post-Brexit trading and red tape

UK: Firms still struggle with post-Brexit trading and red tape

By Nikita Chaurasia

Businesses in the UK are still reportedly grappling after two years following the beginning of post-Brexit trading, as suggested by a new report. According to the British Chambers of Commerce (BCC), firms are still battling increased red tape and ...