According to a report from Dow Jones, Intel’s struggles in the artificial intelligence (AI) chip market could continue until 2024. The report cites industry analysts who believe that Intel’s delay in developing advanced AI chips, known as accelerators, has allowed rivals like Nvidia and AMD to gain a significant lead. Intel has acknowledged its challenges in this area and is working to catch up, but the report suggests that the company may not be able to close the gap until 2024 or later. The AI chip market is crucial for Intel as it represents a significant growth opportunity, with AI applications becoming increasingly prevalent across various industries. However, the company’s struggles in this segment could impact its overall financial performance and market share in the coming years. The report highlights the intense competition in the AI chip space and the importance of staying ahead in terms of technological advancements.
Source: https://www.businessinsider.com/intel-dow-jones-ai-chip-lag-2024-11