WEB Intel's AI PCs Are Killing Profits
Intel Continues to Advance Its Mission to Bring AI Everywhere
Intel's pursuit of the AI PC market is taking a toll on its profits. The company recently reported a net loss of $16 billion in the second quarter, and its Data Center and AI Group (DCAI) revenue also took a hit. Despite these setbacks, Intel remains committed to its AI ambitions and views it as a key driver of its goal to ship over 100 million Core Ultra chips in two years.
INTC reported a net loss of $16 billion in the second quarter
Intel's financial results for the second quarter of 2023 were a major disappointment. The company reported a net loss of $16 billion, or $1.14 per share, on revenue of $15.3 billion. This compares to a net income of $5.1 billion, or $0.39 per share, on revenue of $19.7 billion in the second quarter of 2022.
Intel continues to define and drive the AI PC category shipping more than 15.
Despite the financial challenges, Intel continues to make progress in the AI PC market. The company shipped more than 15 million AI PCs in the second quarter, and it expects to ship over 100 million AI PCs in two years. Intel is also working on new AI technologies, such as its Loihi 2 neuromorphic chip.
WEB Intel's Datacenter and AI Group Revenues drop profits hit Intels data center and AI Group DCAI revenue in.
Intel's DCAI revenue declined by 16% in the second quarter, to $4.6 billion. This decline was driven by a decrease in demand for data center chips. Intel is facing increasing competition from AMD in the data center market.
WEB Intel views the program as a key driver of its goal to ship over 100 million Core Ultra chips in two years.
Intel views its AI PC program as a key driver of its goal to ship over 100 million Core Ultra chips in two years. Core Ultra chips are Intel's high-performance chips that are designed for AI applications. Intel is also working on new AI technologies, such as its Loihi 2 neuromorphic chip.
Intel continues to advance its mission to bring AI everywhere As of the end of the.
Intel remains committed to its mission to bring AI everywhere. The company is investing in new AI technologies, such as its Loihi 2 neuromorphic chip, and it is working with partners to develop new AI applications. Intel believes that AI has the potential to transform many industries, and it is committed to playing a leading role in this transformation.
WEB Intel shares jumped over 9 Friday after the tech companys third-quarter earnings beat estimates in part driven..
Intel shares jumped over 9% on Friday after the company reported better-than-expected third-quarter earnings. The company's revenue and earnings per share both beat analyst estimates. Intel's strong earnings report was driven by strong demand for its data center chips.
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