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. Patrick Gelsinger, chief executive officer of Intel Corp., speaks during the Intel Innovation Taipei technology forum in Taipei, Taiwan, on Tuesday, Nov. 7, 2023.Intel last month predicted a return to sales growth in the fourth quarter, fueled by an improving personal computer market and a more competitive product line.
Intel also revealed architecture details for its upcoming Lunar Lake processors "to continue to grow the AI PC category." The, 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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