Intel looks to level up in AI race
6/1/202612 min
Intel wants to challenge rivals with a new AI chip, young people are sceptical of artificial intelligence, the inflation shock from the US-Israeli war on Iran is set to fall short of the 2022 price surge, and the EU is worried as China builds an industrial base in Morocco. Plus, Colombians went to the polls yesterday to vote for their next president.
Mentioned in this podcast:
Intel targets Nvidia with new AI chip by year end
‘More harmful than helpful’: young people sour on AI
Iran war inflation shock set to fall short of 2022 surge
EU frets as China builds an industrial base in Morocco
Colombia vote to deliver verdict on leftist experiment
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Today’s FT News Briefing was hosted by Victoria Craig. It was produced by Katya Kumkova and Saffeya Ahmed. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript preview
First 90 secondsVictoria Craig· Host0:00
[intro music] Good morning from the Financial Times. Today is Monday, June 1st, and this is your FT News Briefing. Intel is going back to basics with a new AI chip, and the inflation shock from the Iran war might not be as severe as the one we saw in 2022. Plus, the EU is watching warily as China flexes its manufacturing might in Morocco.
Peter Foster· Guest0:27
There is nervousness in Brussels, and certainly a desire to send a signal that they don't want Morocco and, and indeed other North African countries, Egypt, Algeria, to become proxy surrogates for Chinese dumping.
Victoria Craig· Host0:41
I'm Victoria Craig, and here's the news you need to start your day. [news music] Intel is hoping to secure its place in the AI infrastructure race. By the end of this year, it plans to start shipping a new chip that will power artificial intelligence platforms, one that will be cheaper to produce than ones made by its rivals, NVIDIA and AMD. Michael Acton has the details on this one. He covers the semiconductor industry for the FT and joins me now. Hi, Michael.
Michael Acton1:18
Hi.
Victoria Craig· Host1:18
All right, so Intel told you that it's, quote, "Starting with the basics in a bid to challenge its rivals here." Just walk us through what the plans are for the company.
Michael Acton1:27
So this is really about Intel's