Intel is acquiring Habana Labs, an Israel-based maker of chips used in artificial intelligence projects, for $2 billion. It’s the latest in a series of major AI deals for Intel, which is trying to catch up with market leader Nvidia with chips that promise better performance and lower power consumption. Habana’s chips are similar to those of Nervana, an AI chip startup Intel acquired in 2016,...
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Revenue Soars at Alphabet’s Verily as It Inches Toward Independence
Verily, an Alphabet unit applying data analytics to healthcare, continues to post heavy losses but may be moving closer to gaining independence from Google’s parent company, according to previously undisclosed financial information. Revenue at Verily more than doubled in the first nine months of last year to $470 million from $228 million in the same period of 2021, making it by far the...
TikTok Meets Republican Lawmaker to Discuss Data Security Plans
Coatue General Partner David Cahn Departs for Sequoia Capital
Tiger Global Reportedly Lowers Fundraising Target
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