Intel plans to leverage Falcon Shores
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.
Intel lost a mere $126 million quarterly, on $14.3 billion in revenue.
The AI chip war with Nvidia ( NASDAQ:NVDA) and AMD ( NASDAQ:AMD) is heating up, and Intel is still playing catch-up.
Intel is shelving its planned Falcon Shores AI infrastructure system for datacenters and will instead use it as an internal ...
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Holthaus also revealed that Intel plans to use Falcon Shores as an internal test chip, not launching it in the market. This ...
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