Intel’s years of missteps leave it fighting for survival in the Nvidia-dominated AI era

Published On Sep 24, 2024, 5:09 PM

Intel is facing significant challenges as it attempts to compete in the rapidly growing AI chip market, dominated by Nvidia. After years of missteps, including missing key technological revolutions and production delays, Intel is now trying to pivot under CEO Pat Gelsinger. The company has announced massive investments in new semiconductor plants but is struggling financially as it deals with high costs, a declining revenue stream, and skepticism about its ability to regain competitive ground. The future hinges on its new chipmaking process and successful entry into AI-specific markets, but doubts remain about execution and market share recovery.