Illustration: Aïda Amer/Axios

Intel (Nasdaq: INTC) paid around $2 billion to acquire Habana Labs, an AI processor startup based in Israel.

Why it matters: Intel continues buying big to succeed in the AI chip market, which it expects to be worth more than $25 billion by 2024, even if some past acquisitions haven't yet worked out as planned.

  • ROI: Habana had raised $120 million over two rounds of VC funding, from Intel, Bessemer Venture Partners, Samsung, Walden International, and WRV Partners.

The bottom line: "The microprocessor giant is hell-bent on getting internet giants and enterprises to use its neural-network math coprocessors, rather than GPUs and specialist custom parts from Nvidia and others, and it's hoping this Habana upstart will help that dream come true." — Katyanna Quach, The Register

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1:30 p.m. ET: 31,120,980 — Total deaths: 961,656— Total recoveries: 21,287,328Map.
  2. U.S.: Total confirmed cases as of 1:30 p.m. ET: 6,819,651 — Total deaths: 199,606 — Total recoveries: 2,590,671 — Total tests: 95,108,559Map.
  3. Health: CDC says it mistakenly published guidance about COVID-19 spreading through air.
  4. Politics: House Democrats file legislation to fund government through Dec. 11.
  5. Business: Unemployment concerns are growing.
  6. World: "The Wake-Up Call" warns the West about the consequences of mishandling a pandemic.

House Democrats file legislation to fund government through Dec. 11

House Speaker Nancy Pelosi (D-Calif.). Photo: Chip Somodevilla/Getty Images

House Democrats on Monday released their proposal for short-term legislation to fund the government through December 11.

Why it matters: This is Congress' chief legislative focus before the election. They must pass a continuing resolution (CR) before midnight on Oct. 1 to avoid a government shutdown — something both Hill leaders and the White House have claimed is off the table.

Updated 2 hours ago - Politics & Policy

Ruth Bader Ginsburg will lie in state in Capitol's National Statuary Hall

Photo: Getty Images

House Speaker Nancy Pelosi announced Monday that the late Supreme Court Justice Ruth Bader Ginsburg will lie in state in the Capitol's National Statuary Hall on Friday, making Ginsburg the first woman to ever receive the honor.

The state of play: The Supreme Court also announced Monday that Ginsburg will lie in repose on the front steps of the building on Wednesday and Thursday, allowing the public to pay respects to the late justice outside.