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Intel sold chips for artificial intelligence worth 1 billion USD in 2017

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Intel sold chips for artificial intelligence worth 1 billion USD in 2017. This is the first time that the world’s second-largest chip maker is generating revenue from this fast-growing segment that has led to the expansion of sales of rivals like Nvidia.

After sales of PCs began to cool, Intel became more dependent on sales of data centers that offer computing power for mobile and web-based applications. In turn, these applications rely on artificial intelligence for features such as photos and search.

But experts generally believe that the graphics processors such as Nvidia are better for artificial intelligence in computer models than CPIs that Intel has been doing for decades.

Navin Shenoy, who is executive vice president and general manager of the Data Center Group at Intel Corporation, said that over the last few years, the company has been able to modify its processors to make it 200 times better in Artificial Intelligence training. The result is 1 billion USD in revenue from sales of these chips in 2017, when the company’s total revenue amounted to 62.8 billion USD.

The new data is important because Intel stocks fell in value last month after the company announced financial results for its business with data centers that were below Wall Street’s expectations. The company also said its latest generation of chips would be postponed until 2020, prompting analysts to worry that it would lose its share at the expense of Advanced Micro Devices (AMD).