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    FCA bans former Credit Suisse vice president following US criminal conviction

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    World Health Assembly adopts historic Pandemic Agreement to make the world more equitable and safer from future pandemics

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    WHO warns of slowing global health gains in new statistics report

    GSK TO ACQUIRE EFIMOSFERMIN.

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    Andhra Pradesh Chief Minister Chandrababu Naidu Meets Union Minister Dr. Jitendra Singh, Seeks Central Boost for Andhra’s Science & Innovation Plans

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    Amrita University Announces Launch of New International Law School

    DE BEERS GROUP COMMITTED TO UNLOCKING INDIA’S FULL DIAMOND POTENTIAL

    FOR THE FIRST TIME, A THREE-DAY ORGANIC MANGO AND JACKFRUIT FAIR IS BEING ORGANIZED AT LALBAGH – DIRECTOR RAMESH

    NHRC, India takes suo motu cognizance of a media report regarding the arrest and remand to custody of a Professor of Ashoka University in Haryana

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    Health inequities are shortening lives by decades

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    Inaugural program of “Vidhan Soudha Guided Walking Tour” on May 25.

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    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    The team from Sri Ramakrishna Engineering College, Coimbatore, received the 'Winner' award from Prof. (Dr.) T. G. Sitharam, Chairman of AICTE, and Mr. Abhishek Sinha, Executive Director & President - Medical, Smart World & Functions, L&T Technology Services.

    8th Edition of TECHgium® Showcases Engineering Excellence and Bold Innovations

    Union Minister Shri Ashwini Vaishnaw Unveils India’s First 3nm Chip Design Centres in Noida and Bengaluru

    “Modern warfare is entirely technology driven and India’s supremacy stands proven over the last four days”, says Dr Jitendra Singh

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Intel Acquires Artificial Intelligence Chipmaker Habana Labs

Combination Advances Intel’s AI Strategy, Strengthens Portfolio of AI Accelerators for the Data Center

FWM by FWM
December 17, 2019
in Business
0
Habana Labs chairman Avigdor Willenz stands near a rack that incorporates Habana Labs' HLS-1 Gaudi artificial intelligence training system at Habana Labs' office in Caesarea, Israel. Willenz will serve as a senior adviser to the business unit as well as to Intel Corporation after Intel's purchase of Habana. (Credit: Eyal Toueg/Intel Corporation)

Habana Labs chairman Avigdor Willenz stands near a rack that incorporates Habana Labs' HLS-1 Gaudi artificial intelligence training system at Habana Labs' office in Caesarea, Israel. Willenz will serve as a senior adviser to the business unit as well as to Intel Corporation after Intel's purchase of Habana. (Credit: Eyal Toueg/Intel Corporation)

December 16, 2019 09:00 AM Eastern Standard Time

SANTA CLARA, Calif.–(BUSINESS WIRE)–Intel Corporation today announced that it has acquired Habana Labs, an Israel-based developer of programmable deep learning accelerators for the data center for approximately $2 billion. The combination strengthens Intel’s artificial intelligence (AI) portfolio and accelerates its efforts in the nascent, fast-growing AI silicon market, which Intel expects to be greater than $25 billion by 20241.

“This acquisition advances our AI strategy, which is to provide customers with solutions to fit every performance need – from the intelligent edge to the data center,” said Navin Shenoy, executive vice president and general manager of the Data Platforms Group at Intel. “More specifically, Habana turbo-charges our AI offerings for the data center with a high-performance training processor family and a standards-based programming environment to address evolving AI workloads.”

Intel’s AI strategy is grounded in the belief that harnessing the power of AI to improve business outcomes requires a broad mix of technology – hardware and software – and full ecosystem support. Today, Intel AI solutions are helping customers turn data into business value and driving meaningful revenue for the company. In 2019, Intel expects to generate over $3.5 billion in AI-driven revenue, up more than 20 percent year-over-year. Together, Intel and Habana can accelerate the delivery of best-in-class AI products for the data center, addressing customers’ evolving needs.

Shenoy continued: “We know that customers are looking for ease of programmability with purpose-built AI solutions, as well as superior, scalable performance on a wide variety of workloads and neural network topologies. That’s why we’re thrilled to have an AI team of Habana’s caliber with a proven track record of execution joining Intel. Our combined IP and expertise will deliver unmatched computing performance and efficiency for AI workloads in the data center.”

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Habana will remain an independent business unit and will continue to be led by its current management team. Habana will report to Intel’s Data Platforms Group, home to Intel’s broad portfolio of data center class AI technologies. This combination gives Habana access to Intel AI capabilities, including significant resources built over the last three years with deep expertise in AI software, algorithms and research that will help Habana scale and accelerate.

Habana chairman Avigdor Willenz has agreed to serve as a senior adviser to the business unit as well as to Intel. Habana will continue to be based in Israel where Intel also has a significant presence and long history of investment. Prior to this transaction, Intel Capital was an investor in Habana.

“We have been fortunate to get to know and collaborate with Intel given its investment in Habana, and we’re thrilled to be officially joining the team,” said David Dahan, CEO of Habana. “Intel has created a world-class AI team and capability. We are excited to partner with Intel to accelerate and scale our business. Together, we will deliver our customers more AI innovation, faster.”

Going forward, Intel plans to take full advantage of its growing portfolio of AI technology and talent to deliver customers unmatched computing performance and efficiency for AI workloads.

Tags: Habana LabsIntel Corporation
FWM

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