Two tech CEOs vying for more of the sophisticated processors required for artificial intelligence have convened for a brainstorming session, as the burgeoning market’s early leader reports another quarter of explosive growth.
The on-stage conversation between Intel CEO Pat Gelsinger and OpenAI CEO Sam Altman took place on Wednesday in a San Jose, California, convention center, just hours after Nvidia announced that its revenue for the November-January quarter had nearly doubled from the previous year.
During a daylong symposium, Intel, a Silicon Valley pioneer that has struggled in recent years, detailed its intentions to catch up with Nvidia.
Gelsinger began with an opening address explaining how he sees the heated demand for AI-equipped chips revitalizing his company in a surge he calls the “Siliconomy.”
OpenAI, a Microsoft-backed San Francisco startup, has emerged as one of technology’s brightest stars after introducing its most popular AI invention, ChatGPT, in late 2022.
Altman is now keen to push the boundaries even further, competing with Google and other businesses like Anthropic and Inflection AI. But the next steps he wants to take will require significantly more processing power than what is now accessible.
The supply-demand imbalance and ravenous appetite for AI chips explain why Altman is eager to secure additional funding to assist grow the industry’s manufacturing capacity.
Altman underlined the significance of accelerating the AI momentum of the previous year in order to progress a technology that he believes will lead to a brighter future for humanity, albeit acknowledging that there may be drawbacks along the road.
Intel is also vying for a share of the $52 billion that the US Commerce Department intends to distribute in an effort to boost the country’s manufacturing capacity in the $527 billion processor market, based on last year’s global sales.
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