"We are working to create a leaner, simpler, more agile Intel," board Chair Frank Yeary said in a Dec. 2 press release announcing Gelsinger's departure.
A big problem for Intel is that it lacks a comprehensive AI strategy. It's touted the AI capabilities on its laptop chips to investors, and released an Nvidia competitor called Gaudi 3. But neither the company's AI PC initiative nor its Gaudi chips have gained much traction in the market. Intel's Gaudi 3 sales missed the company's own $500 million target for this year.
Late next year, Intel will release a new AI chip that it codenamed Falcon Shores. It won't be built on Gaudi 3 architecture, and will instead be a GPU.