Posted 4/9/2024, 6:11:14 PM
Intel Unveils New Gaudi 3 AI Chip to Challenge Nvidia, Offers 50% Better Performance
- Intel unveiled new Gaudi 3 chip for AI that offers 50% better inference and 40% better power efficiency than Nvidia's competing chip
- Gaudi 3 chip connects thousands of accelerators and is lower cost than rivals
- Intel chips having issues running Unreal Engine games; Epic Games issued notice for Intel chip owners to adjust BIOS
- Intel competing directly against Nvidia for dominance in growing AI chip market
- Analysts have a Hold consensus rating on Intel stock with average price target 18% upside over next 12 months
