Intel exec says the AI rush isn't denting its business, and instead brings 'a lot of opportunity'

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"We're not seeing any near-term weakness associated with any sort of upside from GPUs," Intel's CFO said Wednesday.

Intel Corp.’s INTC chief financial officer said that the June quarter is shaping up well thus far for the chip maker, and he threw cold water on fears that Intel’s business could be suffering as a result of greater interest in graphics processing units that help with artificial-intelligence tasks.

— Intel Chief Financial Officer David Zinsner Intel Corp.’s INTC chief financial officer said that the June quarter is shaping up well thus far for the chip maker, and he threw cold water on fears that Intel’s business could be suffering as a result of greater interest in graphics processing units that help with artificial-intelligence tasks.

He added that Intel previously gave a forecast for $11.5 billion to $12.5 billion in quarterly revenue, and it now expects to fall within the top half of that range.

 

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