Intel looks to level up in AI race
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 1 June 2026
⏱️ 12 minutes
🧾️ Download transcript
Summary
Intel wants to challenge rivals with a new AI chip, young people are sceptical of artificial intelligence, the inflation shock from the US-Israeli war on Iran is set to fall short of the 2022 price surge, and the EU is worried as China builds an industrial base in Morocco. Plus, Colombians went to the polls yesterday to vote for their next president.
Mentioned in this podcast:
Intel targets Nvidia with new AI chip by year end
‘More harmful than helpful’: young people sour on AI
Iran war inflation shock set to fall short of 2022 surge
EU frets as China builds an industrial base in Morocco
Colombia vote to deliver verdict on leftist experiment
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Today’s FT News Briefing was hosted by Victoria Craig. It was produced by Katya Kumkova and Saffeya Ahmed. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Monday, June 1st, and this is your FT News briefing. |
| 0:11.1 | Intel is going back to basics with a new AI chip, and the inflation shock from the Iran War might not be as severe as the one we saw in 2022. |
| 0:21.4 | Plus, the EU is watching warily as China flexes its manufacturing might in Morocco. |
| 0:28.4 | There is nervousness in Brussels and certainly desire to send a signal that they don't want |
| 0:34.1 | Morocco and indeed other North African countries, Egypt, Algeria, |
| 0:37.9 | to become proxy surrogates for Chinese dumping. |
| 0:42.2 | I'm Victoria Craig, and here's the news you need to start your day. |
| 1:00.7 | Intel is hoping to secure its place in the AI infrastructure race. |
| 1:07.0 | By the end of this year, it plans to start shipping a new chip that will power artificial intelligence platforms, |
| 1:12.0 | one that will be cheaper to produce than ones made by its rivals, Nvidia, and AMD. |
| 1:17.4 | Michael Acton has the details on this one. He covers a semiconductor industry for the FT and joins me now. |
| 1:23.4 | Hi, Michael. Hi. All right, so Intel told you that it's, quote, starting with the basics in a bid to challenge its rivals here. Just walk us through what the plans are for the company. |
| 1:28.6 | So this is really about Intel's failure about four years ago to launch a competitive product |
| 1:33.5 | with the graphics processing units that Nvidia has risen to power on. So a graphics processing |
| 1:39.8 | unit is a chip needed to train and run AI models. And it really sort of eclipsed the traditional |
| 1:45.4 | central processing units or CPUs the Intel has dominated in in the past. And this is Intel |
| 1:50.6 | positioning itself to launch its own GPU. And there are certain aspects of this chip that make |
| 1:55.5 | it interesting. One is the memory. So Intel is using a different type of memory from the extremely expensive high bandwidth memory |
| 2:02.6 | that goes into chips from the rivals like Nvidia and AMD. |
| 2:05.6 | It's also bypassing the need for liquid cooling infrastructure. |
| 2:08.6 | So if you're building a data center, in theory, you wouldn't need to build this huge network of water pipes and things to make it work. |
| 2:15.6 | And then there's this sort of looming |
... |
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