Intel has announced the release of its latest artificial intelligence chip, Gaudi 3, in a bid to compete with Nvidia's dominance in the AI chip market. The Gaudi 3 chip is touted to be more power-efficient and faster than Nvidia's H100 GPU, offering improved performance for AI models. It can be configured in different ways and has been tested on various models, demonstrating its suitability for training and deploying AI models. Intel plans to make the chips available in the third quarter and has formed partnerships with companies like Dell and Hewlett Packard Enterprise. The release is part of Intel's strategy to expand its presence in the AI chip market.