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Gaudi, Intel and Nvidia
Intel’s Gaudi AI chips are far behind Nvidia and AMD, won’t even hit $500M goal
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,
Intel Says It Won't Even Make $500M From Gaudi AI Chips In 2024 Despite Nvidia Minting Billions: CEO Gelsinger Says Uptake 'Slower Than We Anticipated'
Intel Corp. (NASDAQ:INTC) has a Gaudi problem on its hands – the chipmaker revealed that its AI accelerator won't even make $500 million in 2024, falling short of CEO Pat Gelsinger's target of $1 billion to $2 billion.
Intel scraps ambitious forecast for Gaudi AI chip sales
Intel Corporation, once a dominant force in the semiconductor industry, faces further setbacks in its quest to capitalise on the booming AI market.
A year on, Intel's touted AI-chip deals have fallen short
Intel
scrapped $500 million
Gaudi
chip sales forecast for 2024 CEO attributes slower uptake to software, chip transition Analysts question
Intel
's AI strategy, competitive position Nov 1 (Reuters ...
Hosted on MSN
4d
Intel says it will miss its AI goals with Gaudi 3 due to unbaked software — Intel's $500 million AI goal unachievable as competitors rake in billions
Intel says it will now be unable to meet its goal of $500 million in Gaudi 3 sales due to software issues. Meanwhile, AMD ...
EDN
1d
Intel: Gelsinger’s foundry gamble enters crunch
The Reuters story titled “Inside Intel, CEO Pat Gelsinger fumbled the revival of an American icon” comes soon after the news ...
5h
Intel Q3: Mr. Market Was Wrong About Earnings
Intel's Q3 earnings showed a slight revenue beat but a big earnings miss due to restructuring charges, leading to a mixed ...
15h
Is Intel Back? 3 Reasons to Take Intel's Turnaround Seriously.
For sure, it wasn't all great news in the third quarter. For instance,
Intel
's
Gaudi
3 accelerator chips saw lower-than-expected uptake, as its new software required more customer effort to learn ...
1d
Nvidia ousts Intel from Dow Jones Index after 25-year run
On Friday, S&P Dow Jones Indices announced that AI chipmaker Nvidia will replace Intel in the Dow Jones Industrial Average, ...
4h
Intel's Comeback Story Gains Momentum
Intel’s revenue reached $35.9 billion YTD 2024, growing 6.2%, while operating margins rose to 27%, showing cost management ...
7d
Special Report: Inside Intel, CEO Pat Gelsinger fumbled the revival of an American icon
Gelsinger pushed for Congress to subsidize American chip manufacturing. In January 2022, he stood with Biden to announce ...
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