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With its latest quarterly results published on Friday, Intel Corporation (NASDAQ: INTC) showed it is stumbling in the AI race. Intel issued a weaker than expected outlook for the first quarter of 2024.
Pat Gelsinger has revealed Intel's ambitious goal of achieving up to a 6x improvement in AI performance across successive processor generations
After Intel's disappointment, investors turned their attention to AMD, widely touted among the biggest beneficiaries of 2nd-gen AI.
Generative AI tools, apps and services that use the processing power on edge devices can access data locally, return faster results, and they're more secure.
Intel's stock tumbled -12% in today's trading session after the chip giant posted favorable Q4 results after market hours on Thursday but provided underwhelming guidance for the first quarter.