Intel and OpenAI Chiefs Confer on Surging AI Demand Outpacing Chip Supply
-
Intel CEO Pat Gelsinger and OpenAI CEO Sam Altman discussed the future of AI and huge demand for advanced chips.
-
OpenAI's ChatGPT has fueled intense interest in AI, but next steps require way more processing power than currently available.
-
Nvidia is benefiting tremendously from the AI boom, with huge revenue growth and $1.3 trillion in shareholder wealth created in 14 months.
-
Intel aims to make a comeback in chips by meeting demand for AI processors and becoming a major production "foundry" for other companies.
-
U.S. plans to allocate $52 billion to boost domestic processor manufacturing capacity, but the volume of AI chips needed is "mind-boggling" per Commerce Secretary.