Intel Corp. (NASDAQ:INTC) has a Gaudi problem on its hands – the chipmaker revealed that its AI accelerator won’t even make $500 million in 2024, falling short of CEO Pat Gelsinger’s target of $1 billion to $2 billion. What Happened: Gelsinger revealed during Intel’s third-quarter earnings call that the Gaudi AI accelerator program will fall short of revenue targets due to a transition from second to third generation. “The overall uptake of Gaudi has been slower than we anticipated as adoption rates were impacted by the product transition from Gaudi 2 to Gaudi 3 and software ease of use,” Gels…
