Intel Corp.’s stock surged after the chipmaker announced plans to develop chips for artificial intelligence projects at Amazon.com Inc. The two companies will collaborate on developing specialized chips for AI applications like computer vision and natural language processing. Intel will provide the chips for Amazon’s cloud services, allowing the e-commerce giant to offer more powerful AI computing capabilities to its customers. This partnership is a significant win for Intel as it seeks to regain its footing in the data center chip market, where it has lost ground to rivals like Nvidia Corp. and Advanced Micro Devices Inc. Intel’s CEO, Pat Gelsinger, has made regaining leadership in AI a top priority, and the Amazon deal is a crucial step in that direction. The collaboration will also help Amazon strengthen its cloud AI offerings, which have lagged behind those of competitors like Microsoft Corp. and Google. Overall, the partnership highlights the growing importance of specialized AI chips and the intense competition among tech giants to dominate this rapidly evolving field.
Source: https://abcnews.go.com/Business/wireStory/intel-stock-surges-plans-make-ai-chips-amazon-113751080