Intel announced plans to release an AI chip by the end of this year that uses cheaper memory and cooling technology compared to offerings from Nvidia and AMD, as the US chipmaker seeks to capitalize on a sharp turnaround in its fortunes. Kevork Kechichian, who leads Intel’s data center group, told the FT that the company is 'starting with the basics' as it tries to challenge its rivals in the booming market for semiconductors that power AI. The new 'Crescent Island' graphics processing unit is designed to speed up 'inference' tasks, the stage when a user makes their request, rather than the training of models, an area where Nvidia’s processors are dominant. An earlier attempt at building a GPU for training AI models called 'Gaudi' saw poor sales, and its planned successor was cancelled last year. Intel is also looking to take advantage of two constraints encountered by Nvidia and AMD: the need to incorporate expensive high-bandwidth memory and liquid-cooling infrastructure. Crescent Island is an air-cooled chip that uses LPDDR5 memory, a significantly cheaper type of memory than the HBM used in chips such as Nvidia’s Blackwell. *Source: [arstechnica](https://arstechnica.com/ai/2026/06/intel-our-upcoming-ai-chip-will-be-cheaper-run-cooler-than-nvidia-amd-options/)*