NVIDIA is not the only hardware manufacturer that is benefiting from the fever for Artificial intelligence which currently dominates the market and has become the way forward for Microsoft, Meta and Google (Apple without commenting anything about its plans with AI). Intel, like AMD, although to a lesser extent, are also seeing how this interest is being reflected in their income statements.
Pat Gelsinger’s company presented the financial results for the first quarter of 2024, financial results that show how revenue has increased by 9% compared to the first quarter of 2023, going from 11.7 billion to 12.7 billion in the year. first quarter of 2024.
Intel grows more than ever
According to the head of Intel, Pat Gelsinger, the commitment to innovation in the client portfolio, local AI solutions and data centers They are responsible for the increase that the company has experienced compared to a year ago, exceeding the figures that the company and the analysts had planned.
If we take into account that the first quarter of each year is always the weakest, economically speaking, for most technology companies, and, even so, it has surpassed the figures corresponding to the first quarter of 2023, we can expect that this will be a great year for the company, especially the last quarter, the time of year when most technology companies have their best financial results of the year,
Intel claims that Intel Foundry It will play a very important role in the company’s near future and, in fact, much of the company’s strategy revolves around it to minimize production costs and efficiency.
During the first quarter of 2024, Intel has shipped more than 5 million PC with AIand by the end of this year, it plans to exceed the estimate of 40 million units shipped (remember that units sent to suppliers are not the same as units sold).
With the presentation a few weeks ago of Intel Gaudi 3 For the development of large language models (LLM) focused on generative AI, Intel claims to have reached agreements with new clients 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 AI applications at scale. According to the company, this platform already has the support of Amazon Web Services, Lenovo, SAP, Wipro and Red Hat to accelerate AI implementations in secure environments.
Qualcomm: the new rival to beat
Intel is very optimistic regarding the forecast for numbers of units shipped throughout this year, but it seems that it has not counted on Qualcomm. This manufacturer, which has finally presented the first ARM processorsprocessor that includes a dedicated Adreno graphics card and an NPU to take care of Artificial Intelligence tasks locally without depending 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 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.
