Intel buys Israeli AI startup Habana Labs for $2 billion

JERUSALEM (Reuters) - Intel Corp has bought Israel-based artificial intelligence (AI) firm Habana Labs for about $2 billion (£1.56 billion), the chipmaker said on Monday, seeking to expand its AI portfolio to bolster its data-centre business.Intel expects the fast-growing AI chip market to exceed $25 billion by 2024, with its own AI-driven revenues this year seen rising 20% from 2018 to more than $3.5 billion.Intel has increasingly been depending on sales to data centres as PC sales..