Intel recently revealed its latest computer chip lineup, featuring Gaudi3, an artificial intelligence (AI) chip designed for generative AI software. The company plans to launch Gaudi3 in the coming year, marking its entry into the competitive market of AI chips, currently dominated by Nvidia and AMD.
Popular AI models such as DeepAI’s ChatGPT heavily rely on Nvidia GPUs in the cloud. As a result, Nvidia’s stock has soared by approximately 230% year-to-date, while Intel’s shares have experienced a more modest 68% increase. Recognizing the demand for alternatives to Nvidia’s dominant chip offerings, both AMD and Intel have introduced their own chips targeting the AI market.
On Thursday, Intel’s stock saw a modest 2% increase following the announcement.
Although specific details were limited, Gaudi3 is poised to compete with Nvidia’s H100, which currently serves as the primary choice for companies deploying large-scale AI applications. In addition, AMD’s forthcoming MI300X, set for customer shipments in 2024, will become another contender in the AI chip market.
Intel began its journey into AI chips back in 2019 when it acquired Habana Labs, a chip development company. During a recent launch event in New York, Intel CEO Pat Gelsinger expressed enthusiasm for generative AI, predicting it would be the highlight of 2023. He also noted that the AI PC, powered by Intel’s new Core Ultra processors, will take center stage in the upcoming year.
Source (CNBC)
