Home ยป Intel’s CEO concedes: AI chip Gaudi falls short of sales target, achieving less than $500 million this year.

Intel’s CEO concedes: AI chip Gaudi falls short of sales target, achieving less than $500 million this year.

In the era where chip manufacturers are racing to accelerate AI processing speed, Intel also has chips in the Gaudi family. The latest model unveiled earlier this year is the Intel Gaudi 3. However, it seems that Intel has not been able to meet their sales target for this segment.

During the recent earnings call, Intel CEO Pat Gelsinger admitted that the company fell short of the $500 million sales goal for the Gaudi chips in 2024. He attributed this to the transition from Gaudi 2 to Gaudi 3 for customers, as well as the simplicity of software integration.

Nevertheless, Gelsinger affirmed that there is still opportunity and demand for products in the market that require solutions on open standards, at a suitable Total Cost of Ownership (TCO), a threshold that Gaudi can still reach.

TLDR: Despite Intel’s struggles in meeting sales targets for Gaudi chips, CEO Pat Gelsinger remains optimistic about the potential and demand for products in the market requiring solutions on open standards.

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