Intel, Falcon Shores and AI
Intel posts third consecutive quarterly loss, cancels planned release of Falcon Shores AI chip
In the first earnings report since former CEO Pat Gelsinger left the company, Intel’s fourth-quarter revenue was down seven percent year-on-year (YoY) to $14.3 billion, whilst full-year revenue declined by two percent YoY to $53.1bn.
Why Intel won't bring Falcon Shores AI chip to market
Holthaus also revealed that Intel plans to use Falcon Shores as an internal test chip, not launching it in the market. This move is part of the company's strategy to streamline its roadmap and optimize resources. "AI data center...is an attractive market for us," Holthaus said during the call. "But I am not happy with where we are today."
Intel is effectively killing Falcon Shores, its next-generation GPU for high-performance computing and AI workloads.
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The AI chip war with Nvidia ( NASDAQ:NVDA) and AMD ( NASDAQ:AMD) is heating up, and Intel is still playing catch-up.
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Retired Intel CEO Pat Gelsinger said "the markets are getting it wrong" Monday after investors triggered a sell-off in ...
A report last month said its 18A process, which was supposed to be a "turning point" for Intel Foundry, is only achieving 10% ...
Intel's Q4 earnings results were mixed, with INTC beating EPS consensus by $0.01 and surpassing revenue expectations by $460 ...
The company reported earnings before certain costs such as stock compensation of 13 cents per share, squeezing past Wall ...
AI is rapidly evolving, with lower costs making it more accessible and shifting attention from infrastructure to real-world ...
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