US EditionAnalysis:After years of failed AI deals, Intel plans homegrown challenge to Nvidia
- Intel CEO Lip-Bu Tan outlined the company's AI strategy during his first earnings conference call.
- This follows Intel's failure challenging Nvidia in the fast-growing AI chip market.
- Intel historically acquired AI startups between 2016 and 2019, but most deals failed to gain traction.
- CFO David Zinsner stated, "Our priority will need to be...getting the balance sheet to a better place."
- The company will now focus on homegrown efforts for AI chips and edge devices.
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4 Articles
Analysis-After years of failed AI deals, Intel plans homegrown challenge to Nvidia
By Arsheeya Bajwa, Max A. Cherney and Stephen Nellis (Reuters) -One of Intel’s biggest missteps over the past decade was the failure to challenge Nvidia’s dominance in the fast-growing market for artificial intelligence chips. During his first earnings conference call with analysts as Intel’s new CEO, Lip-Bu Tan outlined how Intel hopes to change that, but warned, “This is not a quick fix.” Tan said he would comb through Intel’s existing product…
Analysis:After years of failed AI deals, Intel plans homegrown challenge to Nvidia
One of Intel's biggest missteps over the past decade was the failure to challenge Nvidia's dominance in the fast-growing market for artificial intelligence chips.During his first earnings conference call with analysts as Intel's new CEO, Lip-Bu Tan outlined how Intel hopes to change that, but warned, "This is
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