Thread regarding Intel Corp. layoffs

Intel’s pathetic AI efforts

Pat Gelsinger, Intel’s CEO, said during the chipmaker’s third-quarter earnings call last Thursday that it will “not achieve our target of $500 million in revenue” for its Gaudi accelerator chips this year, blaming slower-than-expected sales on the “product transition” from Gaudi 2 to the recently launched Gaudi 3 as well as “software ease of use.”

Meanwhile …

AMD CEO Lisa Su said earlier last week that her company has upgraded its 2024 sales forecast for Instinct data center GPUs by $500 million to $5.5 billion.

Rear view mirror lol 😂

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| 1772 views | | 9 replies (last November 10, 2024) | Reply
Post ID: @OP+1vn6saFN

9 replies (most recent on top)

A company should not build product just to learn what customers want.

Intel has failed to do what is needed, which is to look at where technology is headed and make products that customers don't even currently realize they want. That is what NVDA and AMD have done, repeatedly.

That takes both some knowledge of product and markets, and the strength to stick with a product line till the customers arrive. Those two things are what the ELT has proven repeatedly they lack the competency to do.

Not saying they should stop Gaudi. They should stick with it (for a change) and develop it and other AI related products to meet the markets future needs.

Alternatively, they could just stick to CPU and end up like Sun Microsystems and so many others who failed to adapt. It's a choice.

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Post ID: @3ndq+1vn6saFN

Nothing quite like self important d-mb influentials who have their heads sticking so far up their arses
Let see how you do and that’s a hint right there 😂

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Post ID: @2qak+1vn6saFN

I worked at Intel briefly, and their problems are what I have seen at other major corporations. There is no meritocracy in the US anymore, people are hired, promoted based on cronyism, nepotism and corruption, and are never the most qualified or experienced personnel.

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Post ID: @1byp+1vn6saFN

Pat himself does not believe AI is the growth point and it will not benefit Intel's business much. He is a CPU guy, believing making CPU is the real business, even there is not much margin after using TSMC fabs. He does not want to put much into AI chips at all.

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Post ID: @1dkf+1vn6saFN

Are you learning something?
Lol

Learn harder!

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Post ID: @kch+1vn6saFN

Strategy 😂

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Post ID: @fpx+1vn6saFN

Anything that Intel tries is cobbled together. Without the would have been leaders like Jim Keller at the helm, this busted company lacks strategy, foresight, vision. Most of all is reckless spending. 3 strikes and your out!

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Post ID: @lky+1vn6saFN

Is it worthwhile to continue the current shotg-n approach with less and less capital?

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Post ID: @rij+1vn6saFN

All Gaudi projects are purely for lntel's learning of what the customers want and how Intel can make money from AI. Gaudis are not products built to make money at all. They are expensive experiments for Intel at this point.

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Post ID: @rhb+1vn6saFN

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