Intel acquires Israel-based Habana Labs for $2 billion

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Intel acquires Israel-based Habana Labs for $2 billion
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Intel buys AI startup Habana Labs for $2 billion

FILE PHOTO: The Intel logo is shown at E3, the world's largest video game industry convention in Los Angeles, California, U.S. June 12, 2018. REUTERS/Mike Blake/FIle Photo

- Intel 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.

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