Intel Corporation Advances AI Strategy With Acquisition of Habana Labs

Intel Corporation announced it has acquired Israel-based Habana Labs, a developer of programmable deep learning accelerators for the data center, for approximately $2 billion. “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, EVP and GM 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.”

Related Stories

Cynopsis 12/10/24: John Wren set to head combined Omnicom/IPG

John Wren set to head combined Omnicom/IPG

Tuesday December 10, 2024    IN THE NEWS Omnicom Group, the world’s third-largest advertising company, has agreed to acquire the fourth-largest, Interpublic Group. The combined company would be the world’s largest ad agency, surpassing WPP, with $25 billion in revenue and over 100,000 employees. The company would retain the Omnicom name, as well as John […]

Cynopsis 12/09/24: Time’s running out for TikTok

Time's running out for TikTok

Monday December 9, 2024    IN THE NEWS A federal appeals court on Friday upheld the sell-or-ban law that calls for TikTok to shed its Chinese ownership. “The First Amendment exists to protect free speech in the United States,” wrote Judge Douglas Ginsburg for the court. “Here the Government acted solely to protect that freedom […]

12/08/24: Cynopsis Jobs

jobs1

Sunday December 8, 2024 COUNSEL, LEGAL & BUSINESS AFFAIRS >> MLB NETWORK/SECAUCUS, NJ: Responsible for a variety of matters, including services agreements, production related agreements, talent agreements, software and other technology related agreements, licensing and programming agreements, third party rights clearances, distribution agreements, contract summaries, confidentiality, and general contract matters. Full info

CynCity

Cynsiders