Intel acquires Israel-based Habana Labs for $2b

Published : 21:04, Dec 16, 2019 | Updated : 21:08, Dec 16, 2019

The Intel logo is shown at E3, the world`s largest video game industry convention in Los Angeles, California, US, Jun 12, 2018. REUTERS/FILE PHOTOIntel Corp has acquired Israel-based artificial intelligence firm Habana Labs for about $2 billion, the chipmaker said on Monday.
Habana will remain an independent business unit and will continue to be led by its current management team, reporting to Intel’s data platforms group.