Intel Shares Rise After It Unveils AI Chip To Rival Nvidia And AMD

Intel News

Intel Shares Rise After It Unveils AI Chip To Rival Nvidia And AMD
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Robert Hart is a senior reporter for Forbes covering science, technology and health with a frequent focus on artificial intelligence, space, weight loss drugs and emerging technologies. He joined Forbes in 2020 and is based in London. Rob has covered everything from the billionaire space race, the health impacts of overturning Roe v.

new artificial intelligence chips for data centers, an offensive that comes just days after chipmaking rivals Nvidia and AMD announced new products of their own as the once dominant firm competes for market share in the AI age.details about a series of upcoming AI products at the Computex tech conference in Taiwan that the company hopes will help move the dial against its formidable competition.

Gelsinger showcased Intel’s new range of Xeon 6 data center processors, which he said are more efficient and powerful than their predecessors, which launched just six months ago. The first of these sixth generation chips, an “efficiency” model billed as a replacement for older chips, is available on Tuesday,to Reuters, with a more powerful “performance” model designed to run computationally intensive AI models and other tasks slated to arrive before October.itself as a more affordable option for AI hardware, revealing that its Gaudi 2 and Gaudi 3 AI chips would be cheaper than rival products from competitors like Nvidia.

Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to 335-0739 or sign upIntel is a titan of the tech industry and has been a dominant player in the chip sector for decades, though it has been surpassed by many rivals andin the increasingly AI-focused computer space.

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