Intel’s AI chip business is now worth $1bn per year, $10bn by 2022

The size of Intel’s AI chip business today is huge, but it’s nothing compared to where it expects to be in just four years’ time. Speaking during the company's Innovation Summit in Santa Clara, Intel Executive VP Navin Shenoy revealed a new focus on AI development. The company’s AI-focused Xeon processors generated $1 billion in revenues during 2017. By 2022, it expects to be generating around $10 billion per year. AI is set to be implemented in many areas of our lives in the...