For US chip giant Intel, the darling of the computer age before it fell on hard times, things might have been quite different.
Intel, the darling of the computer age before it fell on hard times, things might have been quite different., then a fledgling non-profit research organisation working in a little-known field called generative artificial intelligence, four people with direct knowledge of those discussions said.
OpenAI was interested in an investment from Intel because it would have reduced its reliance on Nvidia’s chips and allowed the start-up to build its own infrastructure, two of the people said. The deal also fell through because Intel’s data centre unit did not want to make products at cost, the people added.
Last week, Intel’s second-quarter earnings triggered a stock price decline of more than a quarter of its value in its worst trading day since 1974. For the first time in 30 years, the tech company is worth less than $100-billion. The erstwhile market kingpin, whose marketing slogan “Intel Inside” long represented the gold standard of quality, is still struggling to get a blockbuster AI chip product to market.
“We are nearing the completion of a historic pace of design and process technology innovation, and we are encouraged by the product pipeline we’re building to capture a greater share of the AI market going forward,” the spokesman said. For more than two decades, Intel believed the CPU, or central processing unit, like the ones that power desktop and laptop computers, could more effectively handle the processing tasks required to build and run AI models, according to four former Intel executives with direct knowledge of the company’s plans.
Intel’s entire data centre business is expected to generate sales of $13.9-billion this year — which includes the company’s AI chips but many other designs too — while analysts expect Nvidia to generate data centre revenue of $105.9-billion.sought to buy its way into the AI business by acquiring Nervana Systems for $408-million. Intel executives were attracted to Nervana’s technology, which was similar to a tensor processing unit chip made by Google, according to two former executives.
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