Intel’s software push is proving to be a lucrative endeavor, with Chief Technology Officer Greg Lavender sharing with Reuters the possibility of reaching $1 billion in cumulative software revenue by the end of 2027.
Since the arrival of the current CTO in 2021, brought in by CEO Pat Gelsinger from VMware to lead the software strategy, Intel has seen significant growth, surpassing $100 million in software revenue. The company has also acquired three software firms.
Lavender expressed his ambitious goal of hitting $1 billion in software and developer cloud subscription revenue, stating confidently that he is on track to achieve this milestone by the end of 2027, or possibly sooner.
With a revenue of $54 billion in 2023, Intel now offers a wide range of software services and tools, from cloud computing to artificial intelligence. Lavender emphasized a focus on AI services, security, and performance, areas where the company has been investing heavily.
The upcoming Gaudi 3 chip is highly anticipated, with Lavender believing it could elevate Intel’s position in the AI chip market. The Gaudi 2 chip is also in the pipeline, aimed at competing with other AI chip manufacturers.
Despite Intel and AMD’s efforts in the AI processor market, Nvidia remains the dominant player, controlling around 83% of the data center chip market in 2023. Lavender highlighted Intel’s support for open-source initiatives to develop software and tools for various AI chips, anticipating significant advancements in the near future.
To address concerns over Nvidia’s CUDA software, which maintains developer ties to Nvidia chips, Intel is part of the UXL Foundation alongside Qualcomm and Samsung Electronics. This organization is working on an open-source project to enable code to run on any machine, regardless of hardware.
Additionally, Triton, Meta, and AMD are also backing this project, signaling a collaborative effort within the tech industry to drive innovation and accessibility in software development.
Intel
2024-07-25 21:15:03
Article from www.ibtimes.com