Connect with us

Hi, what are you looking for?

Webinar News NetworkWebinar News Network

Tech News

Intel’s Gaudi AI chips are far behind Nvidia and AMD, won’t even hit $500M goal


Nvidia made a fortune on the AI boom. AMD’s rival AI chip became the fastest ramping product in its history, already pulling in $1 billion per quarter and inspiring AMD to remake itself as an AI company too. But Intel, which suggested it would pull in $1 billion, even $2 billion on the back of AI in 2024, now says it won’t even meet its more modest $500 million goal for its Gaudi AI accelerator this year.

“We will not achieve our target of $500 million in revenue for Gaudi in 2024,” CEO Pat Gelsinger just said on the company’s Q3 2024 earnings call today.

Though Intel just launched its recent Gaudi 3 accelerator this past quarter, said Gelsinger, “the overall uptake of Gaudi has been slower than we anticipated as adoption rates were…

Continue reading…

You May Also Like

Editor's Pick

Jennifer J. Schulp and Jack Solowey What do Yankees tickets and Pokémon cards have in common? If you guessed wish list items for elementary...

Editor's Pick

James A. Dorn In her recent article in Business Insider, Linette Lopez, a graduate of the School of Journalism at Columbia University, argues that China’s...

Editor's Pick

Colleen Hroncich Nicholas Ellis wants to tell a different story about what it means to flourish. “What does it mean to win at life...

Editor's Pick

S&P 500 earnings are in for 2024 Q2, and here is our valuation analysis. The following chart shows the normal value range of the...