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Intel Unveils New A.I. Chips Amid Rising Competition

Intel (INTC) has unveiled new artificial intelligence (A.I.) microchips for data centres days after rivals Nvidia (NVDA) and Advanced Micro Devices (AMD) each announced their latest chips.

Intel’s new Xeon 6 processor will deliver better performance and power efficiency for high-intensity data centre workloads, said the company’s chief executive officer (CEO) Pat Gelsinger at the Computex technology conference in Taipei, Taiwan.

Nvidia and AMD also announced their newest A.I. chips at the same conference as all three companies fight for market share.

Six months ago, Intel launched its Xeon line of processors for data centre workloads, as well as its Gaudi 3 processor for training A.I. models and chatbots.

At the conference in Taipei, Intel also announced that prices for its Gaudi 2 and Gaudi 3 A.I. accelerator chips will be lower than rival chips.

And Intel revealed details for its upcoming Lunar Lake processors that are expected to ship in this year’s third quarter and compete against Nvidia’s and AMD’s chips designed for A.I. personal computers (PCs).

Intel is trying to catch Nvidia and AMD, which are leading in the global race for A.I. chips.

In Taipei, Nvidia revealed its new “Rubin” chips that will succeed its “Blackwell” line of microchips that was announced in March of this year.

AMD at the conference outlined timelines for delivering new Instinct accelerator microchips each year through 2026.

Unlike Nvidia and AMD, Intel not only designs its chips but also manufactures them. However, its foundry business has been struggling, recording an operating loss of $7 billion U.S. in 2023.

The stock of Intel has declined 37% so far in 2024 and currently trades at $30.29 U.S. per share.