Navin Shenoy, the vice president of Intel, said in a statement that “this acquisition advances our artificial intelligence strategy, which is to provide customers with solutions that fit each of their needs, from the smart vanguard to the center of data”.
The Intel representative added that “Habana Labs equips our artificial intelligence offering for data centers with a family of high-performance training processors and with a standardized program ecosystem to manage artificial intelligence work environments.”
The company, based in California, United States, has said that it expects the market volume of artificial intelligence chips to exceed 25,000 million dollars (22,386 million euros) worldwide by 2024, and has ensured that It will close 2019 with an increase in revenues in this field of 20%, reaching 3,500 million dollars (3,134 million euros).
Habana Labs announced last July the launch of a new training processor called Gaudi AI, which will be four times more powerful than GPU-based systems.
The Israeli company was founded in 2016, and from that moment it has managed to “raise” about 120 million dollars (107 million euros) through several rounds of financing.
Although the company has not ruled out any integration in the future, Habana Labs plans to operate as an independent business unit of Intel, with its current management team and most of its activities in Israel.
On the other hand, Habana Labs has announced in a press release that its current president, Avigdor Willenz, will become senior advisor to Habana Labs and Intel.