Intel's present and future AI chip business

The future of Intel is AI. Its books imply as much. The Santa Clara company's AI chip segments notched $1 billion in revenue last year, and Intel expects the market opportunity to grow 30% annually from $2.5 billion in 2017 to $10 billion by 2022. Putting this into perspective, its data-centric revenues now constitute around half of all business across all divisions, up from around a third five years ago. Still, increased competition from the likes of incumbents Nvidia, Qualcomm, Marvell, and AMD; startups like Hailo Technologies, Graphcore, Wave Computing, Esperanto, and Quadric; and even Amazon threaten to slow Intel's gains, which is why the company isn't resting on its laurels.