Hardware

Intel’s AI chip business is now worth $1bn per year, $10bn by 2022

©iStock/KaiDunn

The size of Intel’s AI chip business today is huge, but it’s nothing compared to where it expects to be in just four years’ time.

Speaking during the company’s Innovation Summit in Santa Clara, Intel Executive VP Navin Shenoy revealed a new focus on AI development.

The company’s AI-focused Xeon processors generated $1 billion in revenues during 2017. By 2022, it expects to be generating around $10 billion per year.

AI is set to be implemented in many areas of our lives in the coming years, across a variety of devices.

Shenoy claims recent breakthroughs have increased the company’s AI performance by 200x since 2014. He teases further improvements are on their way in upcoming releases.

The company will be launching its ‘Cascade Lake’ Xeon processor later this year with 11 times better performance for AI image recognition.

Arriving in 2019 will be ‘Cooper Lake’ which uses 14-nanometer manufacturing and will feature even better performance. In 2020, however, the company is targeting ‘Ice Lake’ with 10-nanometer manufacturing technology.

“After 50 years, this is the biggest opportunity for the company,” says Shenoy. “We have 20 percent of this market today.”

The admission it currently has a small share of the market today is bold and shows the company is confident about significantly upping that percentage in the coming years. It faces significant competition from Nvidia in particular.

Intel’s revenues were around a third data-centric five years ago. Now, it’s around half of Intel’s business.

Shenoy’s comments today show how seriously Intel is taking its AI business and the firm’s confidence it will be a major player.

What are your thoughts on Intel’s AI business? Let us know in the comments.

 Interested in hearing industry leaders discuss subjects like this and sharing their use-cases? Attend the co-located AI & Big Data Expo events with upcoming shows in Silicon Valley, London and Amsterdam to learn more. Co-located with the  IoT Tech Expo, Blockchain Expo and Cyber Security & Cloud Expo so you can explore the future of enterprise technology in one place.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

To Top

We are using cookies on our website

We use cookies to personalise content and ads, to provide social media features, and to analyse our traffic. Please confirm if you accept our tracking cookies. You are free to decline the tracking so you can continue to visit our website without any data sent to third-party services. All personal data can be deleted by visiting the Contact Us > Privacy Tools area of the website.