Intel: Software Revenue Target of $1B by End of 2027

Intel's Chief Technology Officer, Greg Lavender, has reported significant strides in the company's expansion into the software sector. By the end of 2027, Intel aims to achieve $1 billion in cumulative software revenue. In 2021, Intel's software revenue exceeded $100 million, a notable milestone when CEO Pat Gelsinger recruited Lavender from VMware to lead Intel's software strategy. Since then, Intel has acquired three software companies under Lavender's guidance.

"My goal is to reach $1 billion in software and developer cloud subscription revenue," Lavender stated. "I believe we can achieve this target by the end of 2027, if not sooner."

Lavender's strategy emphasizes services in artificial intelligence (AI), performance, and security. He also highlighted the substantial demand for Intel's upcoming Gaudi3 chip, which is expected to make Intel the second-largest player in the AI chip market. Currently, NVIDIA holds approximately 83% of the data center chip market.

Intel is actively supporting open-source initiatives, aiming to develop software and tools that power various AI chips. Lavender anticipates further advancements in the coming months. He noted that part of NVIDIA's success is attributed to its CUDA software, which creates a strong connection between developers and NVIDIA chips.

Lavender also mentioned Intel's contributions to Triton, an OpenAI-led project designed to develop an open-source programming language to enhance AI chip code efficiency. AMD and Meta are also supporting this project. Triton is already operational on Intel's existing GPUs and will run on the company's next-generation AI chips.

"Triton will create a level playing field," Lavender added.