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Intel CEO Defends Moore’s Law, Unveils New AI Chips to Rival Nvidia

by Team Lumida
June 4, 2024
in AI
Reading Time: 3 mins read
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a close up of a computer board with the intel core logo on it

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Key Takeaways:

  1. Intel unveils new Xeon 6 processors and Gaudi systems, challenging Nvidia’s AI chip dominance.
  2. Gelsinger asserts Moore’s Law is still relevant, countering Nvidia’s claims.
  3. Intel aims to reclaim market leadership with innovative, cost-effective AI solutions.

What Happened?

Intel CEO Pat Gelsinger took the stage at the Computex show in Taiwan to unveil new products aimed at regaining market share from competitors, particularly Nvidia. Intel showcased its new Xeon 6 data center processors, which promise more efficient cores, reducing space requirements by two-thirds compared to previous generations.

Additionally, Gelsinger introduced Intel’s Gaudi systems, designed for generative AI training. These systems will be available through partners like Dell and Inventec, with pricing set at $65,000 for Gaudi 2 and $125,000 for Gaudi 3. Each Gaudi 3 cluster comprises 8,192 accelerators and claims to train AI models 40% faster than Nvidia’s H100 GPUs, and execute AI inferencing tasks twice as fast.

Why It Matters?

Intel’s aggressive push into AI chip technology signals its intent to compete directly with Nvidia, which has dominated the AI processing market. Gelsinger’s assertion that “Moore’s Law is alive and well” counters Nvidia CEO Jensen Huang’s claims that traditional processors are losing relevance.

Intel’s new products could potentially shift market dynamics, offering more affordable and efficient AI solutions. This is crucial as the semiconductor industry aims to reach $1 trillion by the end of the decade. Investors should note Intel’s strategy to collaborate with partners like Dell and Inventec, positioning its Gaudi systems as cost-effective alternatives to Nvidia’s offerings.

What’s Next?

Expect Intel to continue its heavy investment in revitalizing its product lineup and expanding its manufacturing capabilities. Gelsinger has emphasized the importance of partnerships in driving Intel’s comeback, indicating that collaborative efforts will be key. Analysts, however, remain cautious about a rapid turnaround, projecting Intel’s revenue to be $20 billion less than in 2021 by the end of 2024.

Meanwhile, Nvidia’s sales are expected to double, and AMD’s to grow by over 10%. Keep an eye on Intel’s future product launches and strategic alliances, as these will be critical in determining whether the company can regain its leadership position in the semiconductor industry.

Source: Bloomberg
Tags: AI chipsGaudi systemsIntelNvidiaPat Gelsinger
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Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

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