Intel (INTC) unveiled two new artificial intelligence chips on Tuesday in a bid to enhance its data center business and compete with AMD (AMD) and Nvidia (NVDA). The Xeon 6 CPU and Gaudi 3 AI accelerator promise better performance and energy efficiency, showcasing Intel’s commitment to becoming a key player in the AI industry.
This announcement comes amidst reports that Qualcomm (QCOM) is considering acquiring Intel to strengthen its chip division. Additionally, Apollo Global Management is reportedly interested in making a significant investment in Intel to support CEO Pat Gelsinger’s ambitious turnaround strategy. (Disclosure: Yahoo Finance is owned by Apollo Global Management.)
Intel touts the Xeon 6 chip for its P-cores, delivering double the performance of its predecessor. The company emphasizes…
2024-09-24 10:37:49
Article from finance.yahoo.com