Intel Takes Aim at Nvidia's AI Dominance With Launch of Gaudi 3 Chip

Semi_Dig
04-10

$Intel(INTC)$ just unveiled its new AI accelerator processor called Gaudi 3 Intel says the accelerator delivers "50% on average better inference and 40% on average better power efficiency than Nvidia H100 – at a fraction of the cost".

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At the Intel Vision 2024 conference in Arizona, USA, chip giant Intel released the most powerful new generation Gaudi3 AI acceleration chip, as well as the new next generation Intel Xeon 6 processor and other products.

Among them, the Intel Gaudi 3 AI chip uses TSMC’s 5nm process and supports 128GB HBMe2 memory. Compared with the previous generation product, Intel Gaudi 3 brings 4 times (400%) improvement in BF16 AI computing power, 1.5 times memory bandwidth and 2 times improvement in network bandwidth.

Intel says the Gaudi 3 accelerator delivers "an average of 50 percent greater inference power and an average of 40 percent greater energy efficiency" compared to Nvidia's H100, at "a fraction of the cost."

Intel CEO Pat Gelsinger said, “Innovative technologies are developing at an unprecedented speed, and every company is accelerating to become an AI company, all of which require support from semiconductor technology. From PCs to data centers to the edge, Intel AI is being introduced into thousands of industries.”

Intel expects that Gaudi 3 will be shipped starting in the second quarter of 2024, and Dell, HP, Lenovo, AMD and other companies will become the first customers.

According to Gartner data, enterprises are expected to spend US$40 billion on generative AI in 2024, and this figure will increase to US$151 billion by 2027. At the same time, by 2026, enterprises will use generative AI to reach 80%, and at least 50% of edge computing deployments will be related to AI, machine learning (ML) and other directions.

Investors can eagerly watch Intel's performance in its upcoming earnings report. The company's earnings report will be released on April 25, 2024. The company is expected to post earnings of $0.13 per share, up 425% from the year-ago period. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.76 billion, which would represent an increase of 8.93% from the year-ago period.

NVDA vs INTC - Which company is more "expensive"?. Both company's QoQ revenue growth, visualized. : r/StockMarketNVDA vs INTC - Which company is more "expensive"?. Both company's QoQ revenue growth, visualized. : r/StockMarket

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  • JoanneSamson
    ·04-10
    50% better inference and 40% better power efficiency?
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  • doozi
    ·04-10
    That's no small feat, my friend!
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