Intel acquires Israel-based AI firm Habana Labs for $2 billion
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Intel has spent $2 billion in its latest acquisition of Israel-based AI firm Habana Labs. The partnership will turbo-charge Intel's AI offerings for data centres. Habana Labs makes programmable deep learning accelerators & this acquisition will drive to faster & more accurate AI for features like photo and speech recognition. AI is an important part of Intel's business & recently it unveiled its 1st chip for AI in the cloud.