Intel delays AI chip designed to rival Nvidia

Intel has announced that it will not move forward with the commercial launch of its Falcon Shores AI processor.

The chip will now function solely as an internal test platform to facilitate the development of the next-generation Jaguar Shores chip and a broader AI solution for data centers.

Falcon Shores was introduced last year in response to Nvidia’s leading position in the AI processor market.

It was initially planned for release in 2024.

Recent Intel developments

Timeline
31-Jan-2025 💰 Intel receives $2.2b funding from CHIPS Act Intel secures $2.2B in federal CHIPS funding Total funding now at $7.86B, aims to boost manufacturing
30-Jan-2025 📊 Intel set to report Q4 earnings as shares drop Intel to report earnings on Jan. 30. Shares down 60% amid leadership changes.
18-Jan-2025 📈 Intel’s stock jumps amid buyout rumors Intel’s stock rose 9.5% amid acquisition talks Company valued at US$90 billion after recent recovery
15-Jan-2025 📉 Intel to spin off its VC arm into independent firm Intel to spin off venture capital by 2025 Restructuring follows market share losses and declines
13-Dec-2024 🤔 Intel considers separating manufacturing, product units Intel considers separating manufacturing divisions. Shares rise 1.9% despite 60% drop this year.

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Recent Intel developments

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