[{"title":"Intel’s big turnaround plan includes spinning off its chipmaking business","url":"https://www.theverge.com/2024/9/16/24246599/intel-foundry-independent-spinoff"},{"title":"Intel is laying off over 15,000 employees and will stop ‘non-essential work’","url":"https://www.theverge.com/2024/8/1/24210656/intel-is-laying-off-over-10000-employees-and-will-cut-10-billion-in-costs"},{"title":"AMD, Intel, and a slew of tech companies are teaming up to fend off ARM chips","url":"https://www.theverge.com/2024/10/15/24271080/amd-intel-x86-advisory-group-lenovo-arm"},{"title":"Qualcomm wants to buy Intel","url":"https://www.theverge.com/2024/9/20/24249949/intel-qualcomm-rumor-takeover-acquisition-arm-x86"}]
Categories Tech News
Intel’s Gaudi AI chips are far behind Nvidia and AMD, won’t even hit $500M goal
October 31, 2024
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…