Intel sees AI opportunity for standalone programmable chip unit

Artificial intelligence offers a growing and potentially lucrative opportunity for Intel’s freshly standalone programmable chip unit, its CEO Sandra Rivera said.

Intel’s programmable chip unit began operating as a standalone business at the beginning of the year, and on Thursday outlined its plans for the future and its official name: “Altera, an Intel company.”

The parent company plans to hold a stock offering for Altera over the next two to three years.