Analysis-After years of failed AI deals, Intel plans homegrown challenge to Nvidia


FILE PHOTO: Figurines with computers and smartphones are seen in front of Intel logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -One of Intel's biggest missteps over the past decade was the failure to challenge Nvidia's dominance in the fast-growing market for artificial intelligence chips.

During his first earnings conference call with analysts as Intel's new CEO, Lip-Bu Tan outlined how Intel hopes to change that, but warned, "This is not a quick fix." Tan said he would comb through Intel's existing products to sharpen them for emerging trends in the AI market such as robotics and agents that can carry out tasks for human users.

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