Intel unveils new AI chips as it seeks to reclaim market share from Nvidia and AMD

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U.S. chipmaker Intel on Tuesday announced new artificial intelligence chips for data centers, as it looks to take on rivals Nvidia and AMD.

The announcement comes as rivals Nvidia and AMD launched new AI chips on Sunday and Monday, respectively, as they jostle for leadership in the booming industry.

Intel is trying to catch up to Nvidia and AMD, after having largely been on the sidelines of the AI frenzy which saw tech giants like Meta, Microsoft and Google buying up as many Nvidia chips as possible.Intel's Xeon 6 processor will deliver better performance and power efficiency for high-intensity data center workloads as compared to its predecessor, CEO Pat Gelsinger said during the Computex tech conference in Taiwan.Sign up for NBC New York newsletters.

"Customers are looking for high performance, cost-effective gen AI training and inferencing solutions. And they've started to turn to alternatives like Gaudi. They want choice. They want open software and hardware solutions and time to market solutions at dramatically lower TCOs ," Gelsinger said. Juror in fraud trial reports woman dropped off $120,000 at her house in attempt to bribe for acquittal, expected to ship in the third quarter, will compete against Nvidia's and AMD's chips that are specifically designed for AI PCs.

Intel is trying to catch up to Nvidia and AMD, after having largely been on the sidelines of the AI frenzy which saw tech giants likeUnlike chip designers Nvidia and AMD, Intel not only designs its chips but also manufactures them. However, its foundry business has been struggling, recording a

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