How Intel Is Creating Artificial Intelligence Opportunities

How Intel Has Been Progressing in New Growth Markets PART 11 OF 14 By Paige Tanner  | Jul 18, 2017 1:33 pm EDT Artificial intelligence opportunity Intel (INTC) is expanding its data center offerings beyond server CPU (central processing unit) solutions to complete rack solutions. The company is shifting its offerings along with the changing needs of today’s data center space. As we move toward the data-centric world, the need for real-time analytics is growing, driving demand for AI (artificial intelligence). Right now, AI is an emerging market that accounts for less than 10% of the data center workload. However, it’s a quickly growing segment, and NVIDIA (NVDA) is at the forefront of this growth. The company’s data center revenue rose 145% YoY (year-over-year) in 2016 as more and more data centers adopted its GPUs (graphics processing unit) for their AI workloads. Competition in the AI space Intel is looking to tap the AI market, but it faces strong competition from NVIDIA’s GPUs and Google’s (GOOG) TPUs (tensor processing unit), which are general-purpose chips designed specifically for AI workloads.  In order to accelerate its AI product development, Intel formed the Artificial Intelligence Product Group in March 2017. The group combines all its…

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