Intel on track for cumulative software sales of $1 billion by end 2027, exec says

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Intel on track for cumulative software sales of $1 billion by end 2027, exec says
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Intel's push into software is going well and the company could have cumulative software revenue of $1 billion by the end of 2027, Chief Technology Officer...

SINGAPORE - Intel 's push into software is going well and the company could have cumulative software revenue of $1 billion by the end of 2027, Chief Technology Officer Greg Lavender told Reuters.

Lavender said his strategy is to focus on providing services in AI, performance and security and the company has been investing in all three areas. Lavender said Intel is supporting open-source initiatives seeking to build software and tools that will be able to power a wide range of AI chips and expects further breakthroughs in coming months.

Triton is already running on Intel's existing graphics processing units and will work on the company's next generation of AI chips.A group of Chinese graphics processing unit developers are taking advantage of Nvidia's absence in China at the country's largest artificial intelligence show to promote their offerings, although they face problems related to manufacturing and software ecosystem bottlenecks.

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