Intel introduces new AI chips in an attempt to regain market dominance from Nvidia and AMD.

• During the Computex tech conference in Taiwan, Intel unveiled new Xeon 6 processors on Tuesday.
• On Sunday and Monday, Nvidia and AMD released new AI chips, intensifying their competition for dominance in the rapidly growing industry.
• Nvidia and AMD have been at the forefront of the AI industry, leaving Intel behind in the race to acquire Nvidia chips.

On Tuesday, a U.S. chipmaker unveiled new artificial intelligence chips for data centers, aiming to compete with rivals that have recently demonstrated their upcoming chips.

Pat Gelsinger, CEO of Intel, stated at the Computex tech conference in Taiwan that the Xeon 6 processor will provide enhanced performance and power efficiency for high-intensity data center workloads as compared to its predecessor.

On Sunday and Monday, Nvidia and AMD released new AI chips, intensifying their competition for dominance in the rapidly growing industry.

Six months after Intel launched its 5th Gen Intel Xeon processors for data center workloads and two months after announcing the Gaudi 3 processor for AI model training and deployment.

On Tuesday, Intel disclosed that the prices for the Gaudi 2 and Gaudi 3 AI accelerators are lower compared to those of competing chips.

Gelsinger stated that customers are seeking high-performance, cost-effective gen AI training and inference solutions. They are turning to alternatives like Gaudi, as they desire choice, open software and hardware solutions, and time-to-market solutions at significantly lower TCOs.

Intel unveiled architecture specifications for its upcoming Lunar Lake processors in order to expand the AI PC market. The Lunar Lake chips, scheduled for release in the third quarter, will challenge Nvidia and AMD's AI-focused processors.

Nvidia and AMD have been at the forefront of the AI industry, leaving Intel behind in the race to acquire Nvidia chips.

Nvidia and AMD have disclosed their plans for new data center chips on an annual basis. Nvidia unveiled its "Rubin" chips on Sunday, which will replace the "Blackwell" model that was recently announced in March. AMD has provided a timeline for new Instinct accelerators until 2026.

Unlike Nvidia and AMD, Intel not only designs but also manufactures its chips. However, its foundry business has been struggling, with a wider operating loss of $7 billion in 2023 compared to the previous year.

Nearly $20 billion in CHIPS and Science Act funding from the Biden administration could aid Intel in advancing its semiconductor manufacturing and R&D, despite losing its edge in chip manufacturing to overseas rivals like Taiwan Semiconductor Manufacturing Co.