Intel Unveils New AI Chip
Booming demand for AI services has sent tech companies scrambling for these so-called accelerator chips, but Nvidia has seen most of the benefit. Earlier versions of Intel Gaudi failed to achieve the market share gains that Intel had been hoping for, Chief Executive Officer Pat Gelsinger has said.
Intel tweet on new AI chip
🔒We’re bringing AI everywhere to unlock the power of data like never before. @Intel #tech delivers powerful computing with built-in security from #edge to cloud to accelerate modernization and protect #privacy.
Watch @PGelsinger's #IntelVision replay: https://t.co/JA4B24afPf pic.twitter.com/7292VbrmjP
— Intel (@intel) April 10, 2024
Intel news on AI chips
Intel shares gained were up less than 1% at $38 as of 1:33 p.m. in New York on Tuesday, reversing an earlier decline. They had been down 24% this year through Monday’s close.
Challenging Nvidia won’t be easy. The runaway success of that company’s H100 accelerator helped more than double revenue and sent its market valuation over $2 trillion. And now Nvidia is looking to build on its lead with a just-announced chip platform called Blackwell. Systems based on that product will be available later this year, the company said in March.
According to Intel’s assessment, Gaudi 3 will be faster and more power-efficient than the H100. It will train certain types of AI models 1.7 times more quickly and be 1.5 times better at running the software, the chipmaker claims. The product will be roughly equal with Nvidia’s newer H200, Intel said.
