It's been a rocky road for Intel's AI ambitions! 🚀 A year ago, the tech giant was buzzing about its Gaudi accelerator chips, promising they'd revolutionize AI applications by speeding things up. But fast forward to now, and it seems Gaudi has fallen a bit short of its grand expectations.
Originally, Intel projected they'd be raking in over $500 million in Gaudi sales for 2024. But surprise, surprise—that forecast has been scrapped. CEO Pat Gelsinger mentioned that the slowdown is due to some software hiccups and transitioning from Gaudi's second to third generation.
While Intel's overall revenue projections are looking up (their shares even jumped 5% recently! 📈), the company is still grappling with missing out on the massive AI boom that's been rocking the tech world. Nvidia, anyone? 👀
So what's the deal with Gaudi? Well, despite the hype and big talk (they even claimed a $1 billion \"pipeline of opportunities\"!), the sales just aren't matching up. Sources say Intel didn't secure enough supply from their manufacturer, and customers aren't biting as expected.
Analysts are starting to raise eyebrows. Vivek Arya from Bank of America didn't mince words: \"What is Intel's AI strategy right now?\" Ouch. Gelsinger insists that their CPUs are playing a bigger role in AI and that customers are showing \"good early interest\" in Gaudi. Fingers crossed? 🤞
Some investors are hopeful that Intel's focus on cost-cutting and growth could turn things around. But others are skeptical, wondering if Intel's CEO might be overstating the company's progress.
Only time will tell if Intel can catch up in the AI race. For now, they're up against some tough competition and big expectations. Stay tuned to see how this tech drama unfolds! 🎬
Reference(s):
cgtn.com
