Intel Reveals , New AI Chips.<br />On June 4, Intel announced its new <br />Xeon 6 processor, CNBC reports. .<br />The new AI chips will help to <br />provide better performance and more efficient power for data centers.<br />The announcement follows similar <br />launches from rivals Nvidia and AMD.<br />The announcement follows similar <br />launches from rivals Nvidia and AMD.<br />Intel launched its 5th Gen Intel Xeon processors just six months ago.<br />In April, the company <br />unveiled the Gaudi 3 processor.<br />Customers are looking for high <br />performance, cost-effective gen AI <br />training and inferencing solutions. <br />And they’ve started to turn <br />to alternatives like Gaudi. , Patrick Gelsinger, chief executive officer of Intel Corp., via statement.<br />They want choice. They want <br />open software and hardware <br />solutions and time to market <br />solutions at dramatically lower <br />TCOs [total cost of ownership], Patrick Gelsinger, chief executive officer of Intel Corp., via statement.<br />Intel plans "to continue to grow the AI PC category" with its Lunar Lake chips, which <br />are scheduled to ship in Q3 2024.<br />Intel, which recorded a $7 billion operating loss in 2023, is attempting to catch up to <br />its rivals amid the ongoing AI frenzy.<br />While Intel has been struggling, it differs from Nvidia and AMD because it manufactures chips in addition to designing them.<br />Additionally, Intel received $20 billion in funding from the CHIPS and Science Act <br />which could help the company to advance.<br />Additionally, Intel received $20 billion in funding from the CHIPS and Science Act <br />which could help the company to advance
