Intel's Gaudi AI chips are far behind Nvidia and AMD, won't even hit $500M goal [Verge, The]
NVIDIA Corporation (NVDA)
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Source: Verge, The
Share this story Nvidia made a fortune on the AI boom. AMD's rival AI chip became the fastest ramping product in its history, already pulling in $1 billion per quarter and inspiring AMD to remake itself as an AI company overall. But Intel, which suggested it would pull in $1 billion, even $2 billion on the back of AI in 2024, now says it won't even meet its more modest $500 million goal for its Gaudi AI accelerator this year. “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, said Gelsinger, “the overall uptake of Gaudi has been slower than we anticipated as adoption rates were impacted by the product transition from Gaudi 2 to Gaudi 3 and software ease of use.” Despite the missed goal, Gelsinger says “we remain encouraged by the market available to us. There is clear need for solutions with superior
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