Intel Just Scored a Big AI Chip Customer

IBM is putting Intel's Gaudi 3 AI chips in its cloud data centers.Chip giant Intel (INTC -8.80%) has lagged behind market leader Nvidia and rival Advanced Micro Devices in the AI accelerator market. As Nvidia churns out more than $26 billion of data center revenue each quarter and AMD remains on track to sell $4.5 billion worth of AI accelerators this year, Intel finds itself in a distant third place.Intel's new Gaudi 3 AI accelerator, which launched this year, is powerful and cost effective. However, winni ...