Intel has acquired Israel-based artificial intelligence firm Habana Labs for about $2 billion. The move is aimed at strengthening Intel’s fast-growing data-centre business.
As per the terms of the deal, Habana will remain an independent business unit and report to Intel’s data platforms group.
Further, the company will continue to be based in Israel and will be led by its current management team. Habana’s Chairman Avigdor Willenz will serve as a senior adviser to Intel.