Intel's AI chip business hits $1 billion a year, with target of $10 billion by 2022

Intel has sold more than 220 million Xeon processors over the past 20 years, generating $130 billion in revenues. But the latest $1 billion -- generated by sales for artificial intelligence applications -- may be the most important. Navin Shenoy, executive vice president at Intel, said at an Intel event that Intel's AI chip business is strategically important for the company as it shifts to becoming a data-centric company. Five years ago, Intel's revenues were about a third data-centric, and now the sector is close to half the business. But AI isn't a business that Intel dominates yet.