Intel Capital has scored an exit after its parent company bought AI training technology provider Habana in a $2bn deal.
Semiconductor and data technology producer Intel acquired one of its portfolio companies, Israel-based deep learning technology provider Habana Labs, for $2bn yesterday.
Founded in 2016, Habana develops artificial intelligence processors that enhance the performance of models constructed to train AI systems. It launched its second processor, the scalable Gaudi system, in June this year.
Navin Shenoy, general manager of Intel’s Data Platforms Group, said: “This acquisition advances our AI strategy, which is to provide customers with solutions to fit every…
