Intel Fails To Achieve Gaudi AI ‘USD 500 Million’ Revenue Target
Intel's Gaudi AI accelerator is underperforming, failing to meet revenue targets, with slow adoption impacting its projected earnings.
Intel has reportedly failed to meet its revenue goal of USD 500 million for Gaudi AI. It indicates that Intel is experiencing sluggish performance in the AI segment. As per a report of The Verge, Intel had previously projected that it could earn between USD 1 billion and USD 2 billion from its artificial intelligence products in 2024. However, the company has now revised its expectations and admitted that it will not even reach its target of USD 500 million for its Gaudi AI accelerator this year. Although Intel introduced its new Gaudi 3 accelerator in the last quarter, the overall adoption of the Gaudi series has been slower than the company had hoped. Samsung One UI 7 Beta Likely To Release Soon; Check Features and Other Details.
Intel’s Gaudi AI Revenue Falls Short of ‘USD 500 Million’ Target
Intel Fails To Achieve Gaudi AI "$500 Million" Revenue Target, Showing Slacking Performance In The AI Segment https://t.co/H4OZNJCWyL https://t.co/H4OZNJCWyL
— Hassan Mujtaba (@hms1193) November 3, 2024
(The above story first appeared on LatestLY on Nov 03, 2024 06:08 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
