NVIDIA isn’t the only hardware maker profiting from gaming fever. Artificial intelligence which currently dominates the market and has become the way forward for Microsoft, Meta and Google (Apple without commenting on its plans with AI). Intel, like AMD, although to a lesser extent, are also seeing how this interest is reflected in their income statements.
Pat Gelsinger’s company presented the financial results for the first quarter of 2024, financial results which show that revenues increased by 9% compared to the first quarter of 2023, from 11.7 billion to 12.7 billion in the first quarter of 2024.
Intel is growing more than ever
According to Intel Director Pat Gelsinger, the commitment to innovation in the customer portfolio, local AI solutions and data centers
If we take into account that the first quarter of each year is always the weakest, economically speaking, for most technology companies, and that it nevertheless exceeded the figures corresponding to the first quarter of 2023, we can s ‘Expect it to be a great year for the company, especially the final quarter, the time of year when most tech companies get their best financial results of the year,
Intel claims that Intel Foundry This will play a very important role in the near future for the company and, in fact, much of the company’s strategy revolves around this to minimize production costs and efficiency.
During the first quarter of 2024, Intel shipped more than 5 million PC with AI
With the presentation a few weeks ago of Intel Gaudi 3 For the development of large language models (LLM) focused on generative AI, Intel says it has reached agreements with new customers such as NAVER, DELL, Bosch, Supermicro among others.
The platform Intel Edge, which the company presented at the Mobile World Congress held in Barcelona last February, allows companies to develop, deploy and manage large-scale AI applications. According to the company, this platform already has support from Amazon Web Services, Lenovo, SAP, Wipro and Red Hat to accelerate the implementation of AI in secure environments.
Qualcomm: the new rival to beat
Intel is very optimistic about the forecast for the number of units shipped throughout this year, but it seems that it has not counted on Qualcomm. This manufacturer, who finally presented the first ARM processorsprocessor that includes a dedicated Adreno graphics card and an NPU to support artificial intelligence tasks locally without relying on the cloud.
According to Qualcomm, these are more powerful and efficient than the low-power solution that Intel offers on the market through the Core Ultra range. We will have to wait for the launch of the first laptops equipped with the processor Snapdragon X Elite in the different variants in which it is available to check if they really surpass it and if they are even closer or exceed Apple’s range of ARM processors, which is currently in the third generation with the M3.
