Is iconic chip maker Intel struggling on the AI front? Release of its new chip has been delayed further; here's the reason for it

Intel, once a leader in the semiconductor industry, is facing challenges in the rapidly growing field of artificial intelligence (AI). The company had high hopes for its Gaudi accelerator chips, designed to enhance AI application performance. However, sales have not met expectations, leading Intel to withdraw its 2024 forecast of selling over $500 million worth of these chips.