Intel is looking towards buying Habana Labs, an Artificial Intelligence company for more than one billion dollars. The acquisition adds to the list of other AI takeovers by the company including Nervana and Movidius.
Intel to Acquire Another AI Company- Habana
Artificial Intelligence is the hot-selling technology these days and every IT company is trying to pace up with the fast-changing dynamics of the tech world. Intel is continuously trying to get ahead in the chip manufacturing domain as it is facing stiff competition with AMD. In such a scenario when AI has overtaken all the functions and domains in the tech world, Intel is seemingly trying to tap the resourcefulness and endless possibilities of the technology. The company has already acquired two AI firms earlier.
Intel on AI Acquisition Spree
As reports suggest Intel is in talks Habana labs, an Israeli deep learning chip development startup for around 1 billion dollars. Various newsmakers have suggested that the Microchip giant is in the advanced stage of negotiations already to acquire Habana labs.
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One of the Biggest Deals By Intel
The deal is supposedly between 1 or 2 billion dollars. If the deal is finalized it would be one of Intel’s most massive acquisitions after the Mobileye deal in 2017.
Habana – An AI startup
Habana Labs is an AI startup founded in the year 2016 by the executives of 3D sensing firm Primesense, which was taken up by Apple later for 360 Million dollars. The company aims at creating processors that can deep learn and infer with high performance.
The AI startup aims at creating highly scalable and powerful chips. The startup has already raised more than 120 million dollars and has around 120 employees. In the last round of investing in November last year, it raised 75 million dollars led by Intel Capital. During the investing round, the CEO of the company has said that there were no plans of Habana and Intel coming together. However, with the news doing rounds currently, the deal is supposedly almost finalized.
No Official Comment Yet
Though the news is quite stirring, both the companies Habana or Intel have not confirmed the same officially.