We're not yet participating in the cloud-based AI data center market in a meaningful way,” Holthaus admitted. “We have learne

Intel is effectively killing Falcon Shores, its next-generation GPU for high-performance computing and AI workloads.

Intel lost a mere $126 million quarterly, on $14.3 billion in revenue.

In the first earnings report since former CEO Pat Gelsinger left the company, Intel’s fourth-quarter revenue was down seven percent year-on-year (YoY) to $14.3 billion, whilst full-year revenue declined by two percent YoY to $53.1bn.

Retired Intel CEO Pat Gelsinger said "the markets are getting it wrong" Monday after investors triggered a sell-off in response to China's DeepSeek.

The DeepSeek technology has the potential of bringing more people into world of AI and expanding the transformative power of AI to a broader audience.

Intel has announced that its upcoming Panther Lake processor, the first to leverage the Intel 18A process node, is set to launch in the second half of 2025. The chip, which is currently in testing stages,

The company reported earnings before certain costs such as stock compensation of 13 cents per share, squeezing past Wall Street’s consensus estimate of 12 cents per share. Revenue for the quarter came to $14.26 billion, up 7% from a year ago and ahead of the Street’s target of $13.81 billion.

Intel reported non-GAAP earnings per share (EPS) of $0.13, exceeding analysts' estimates of $0.1. The company also reported revenue of $14.3 billion, surpassing the forecast of $13.8 billion.

Holthaus also revealed that Intel plans to use Falcon Shores as an internal test chip, not launching it in the market. This move is part of the company's strategy to streamline its roadmap and optimize resources. "AI data center...is an attractive market for us," Holthaus said during the call. "But I am not happy with where we are today."