Intel Just Gutted Its AI Chip Ambitions

Intel (INTC -2.90%) has largely failed to tap into soaring demand for artificial intelligence (AI) accelerators. The company's acquisition of AI chip start-up Habana Labs back in 2019, three years before the AI boom kicked off in earnest, certainly seemed like a prescient move. Habana's Gaudi family of AI accelerators, which were tailor-made for AI workloads compared to more general-purpose GPUs, had all the makings of a big winner.Intel is now on the third generation of its Gaudi AI chips, and progress has ...