Tag: AI microchips

June 05, 2024 BY Elizabeth Anderson

Intel Unveils New Xeon 6 Processor To Compete In AI Arena

The Xeon 6 processor is reportedly faster and more power efficient than its forerunner, which enables it to effectively manage demanding data centres. To date, Intel has mostly hovered on the fringe of the global AI frenzy. This new chip is the firm’s attempt to compete with AI trailblazers such as Nvidia and AMD and…

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August 24, 2023 BY Elizabeth Anderson

Nvidia’s $25bn stock buyback increases AI heat

The global leader in AI computing also indicated that it would buy back $25bn in stock, which sent Nvidia shares skyrocketing in a matter of hours. The company’s share price closed at $471.16 on Wednesday, up +3.17% from the previous day’s close. It spiked even more after the bell rang, hitting a record 9.6% increase…

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