Intel Ventures into AI Software Market Amid Struggle to Catch Up in Chip Race
Intel Aims to Sell AI Software to Businesses Building Generative Apps and Seeks Partnerships with Consulting Firms to Develop ChatGPT-Like Apps Amid Competition from Nvidia and Broadcom in the Chip Market.
- Intel, traditionally a chip manufacturer, has begun selling artificial intelligence-related software to businesses, specifically for building generative AI apps.
- While initially behind in the AI sector, Intel is now collaborating with consulting firms such as the Boston Consulting Group to assist customers in developing ChatGPT-style applications. This also includes selling app-building software directly to companies.
- Despite Intel's current position in the AI market, industry projections indicate a significant expansion in this sector, hinting at potential growth opportunities for Intel and other technology providers.
- In addition to software, Intel continues its hardware advancements with the development of a new AI chip called 'Falcon Shores', anticipated for release in 2025. This chip will be equipped to handle the intensive workloads that AI tools like ChatGPT require.
- Intel's expansion into AI comes at a time when the company faces intense competition in the PC chip market from rivals such as Nvidia and Broadcom. The company is seeking to leverage AI to diversify and strengthen its business offerings.
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