Intel Fails To Achieve Gaudi AI “$500 Million” Revenue Target, Showing Slacking Performance In The AI Segment

Intel’s Gaudi AI accelerators haven’t managed to hit its “modest” quarterly revenue, as Team Blue fails in attracting market interest.

Intel Misses Out On “Safe” Revenue Target For Gaudi AI Accelerators, Posing Questions On The Firm’s Strategy

Team Blue’s business in pretty much all segments, whether it is in the x86 markets or even the AI industry, isn’t going too well since competitors have ramped up their solutions, giving Intel little to no chance of creating a clientele based similar to the likes of NVIDIA and AMD. In the recent Q3 2024 earnings, Intel’s CEO Pat Gelsinger revealed (via The Verge) that the firm’s Gaudi AI portfolio hasn’t managed to meet revenue expectations at $500 million, which is indeed shocking, given that competitors like NVIDIA are eying towards a multi-billion dollar target.

Intel’s Pat Gelsinger claims that despite the launch of their newest Gaudi 3 AI accelerator, the firm has been unable to bring in business, mainly since the transition towards the newer platform has been quite slow, and the Gaudi 3 AI solution hasn’t impressed customers to the extent that it leads to higher adoption rates. However, Intel remains confident with Gaudi, claiming that the market is in need of more cost-effective solutions that focus on an open-source environment.