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OpenAI Sam Altman, right, discusses the need for more chips designed for artificial intelligence with Intel CEO Pat Gelsinger on Wednesday, Feb. 21, 2024, during a conference in San Jose, Calif. (AP Photo/Michael Liedtke)

CEOs of OpenAI and Intel cite artificial intelligence's voracious appetite for processing power

Two tech CEOs scrambling to produce more of the sophisticated chips needed for artificial intelligence have met for a brainstorming session while the market’s early leader reported another quarter of eye-popping growth

By MICHAEL LIEDTKE
Published - Feb 21, 2024, 08:24 PM ET
Last Updated - Feb 21, 2024, 08:24 PM EST

SAN JOSE, Calif. (AP) — Two tech CEOs scrambling to produce more of the sophisticated chips needed for artificial intelligence met for a brainstorming session Wednesday while the booming market’s early leader reported another quarter of eye-popping growth.

The on-stage conversation between Intel CEO Pat Gelsinger and OpenAI CEO Sam Altman unfolded in a San Jose, California, convention center a few hours after Nvidia disclosed its revenue for the November-January period nearly quadrupled from the previous year.

Intel, a Silicon Valley pioneer that has been struggling in recent years, laid out its plans for catching up to Nvidia during a daylong conference. Gelsinger kicked things off with a opening speech outlining how he envisions the feverish demand for AI-equipped chips revitalizing his company in a surge he dubbed the “Siliconomy.”

“It’s just magic the way these tiny chips are enabling the modern economic cycle we are in today,” Gelsinger said.

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