Intel Corp. INTC kicked off its developer conference Tuesday with plans to launch PC chips with AI capability. Intel said it was launching its Core Ultra processors, with the company’s first integrated neural processing unit, which will “deliver power-efficient AI acceleration and local inference on the PC, on Dec. 14. Intel will also release its 5th gen Intel Xeon processors, on Dec. 14, what In his keynote, Intel Chief Executive Pat Gelsinger said AI was allowing the $574 billion chip industry to feed an estimated $8 trillion “siliconomy,” or a “growing economy enabled by the magic of silicon and software.” Intel also announced that it is building a large AI supercomputer using its Gaudi 2 accelerators with generative AI company Stability AI as the anchor customer. Intel shares were down nearly 3% in recent activity while the S&P 500 index SPX declined 0.7%.
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