Nvidia enters a “correction period”" and Intel tightens competition

This new hardware, the company said, is more than twice as energy efficient and can run AI models one and a half times faster than Nvidia's H100 GPU, which is one of the most used today.

Intel's goal with this new chip is to reduce Nvidia's market share in the AI ​​hardware market, which is approximately 80%. Gaudi 3 will be available to customers in the third quarter of the year, although it did not specify its price range.

While Nvidia's shares have tripled over the last 12 months, Intel's have only risen 18% during the same period, which is why the company led by Pat Gelsinger is looking for ways to take advantage of this market.

In addition to the Gaudi 3 chips, the company said it plans to manufacture other AI chips at the new Ohio factory, which is expected to open in 2017, something that also contributes to the goals of rebalancing the chip industry, which is focused on Asia.