Intel, Falcon Shores and AI
Intel posts third consecutive quarterly loss, cancels planned release of Falcon Shores AI chip
In the first earnings report since former CEO Pat Gelsinger left the company, Intel’s fourth-quarter revenue was down seven percent year-on-year (YoY) to $14.3 billion, whilst full-year revenue declined by two percent YoY to $53.1bn.
Why Intel won't bring Falcon Shores AI chip to market
Holthaus also revealed that Intel plans to use Falcon Shores as an internal test chip, not launching it in the market. This move is part of the company's strategy to streamline its roadmap and optimize resources. "AI data center...is an attractive market for us," Holthaus said during the call. "But I am not happy with where we are today."
Intel lost a mere $126 million quarterly, on $14.3 billion in revenue.
Intel is effectively killing Falcon Shores, its next-generation GPU for high-performance computing and AI workloads.
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Learn more about whether First Solar, Inc. or Intel Corporation is a better investment based on AAII's A+ Investor grades, which compare both companies' key financial metrics.
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