Intel sold $1B in AI chips last year

Intel Corp. said it sold at least $1 billion in artificial intelligence processor chips during 2017, according to Reuters.

Navin Shenoy, executive vice president and general manager of Intel's data center group, made the announcement Aug. 8 during an event for Wall Street analysts at the company's Santa Clara, Calif.-based headquarters. The $1 billion milestone marks the first time Intel has disclosed its revenue from AI processor chips.

Mr. Shenoy said Intel has spent the past several years modifying its central processor units to become better at AI training, which drove $1 billion in sales of its Xeon processors during 2017. That year, Intel's total revenue was $62.8 billion.

Naveen Rao, corporate vice president and general manager of Intel's AI products group, told Reuters in an interview the $1 billion is an estimate from customers who told Intel they purchased processor chips for AI, along with separate calculations on how much of a customer's data center is dedicated to AI.

"Honestly, it's probably a lot higher," he said. "We left a lot on the table because we wanted to be conservative."

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