CEOs of OpenAI and Intel cite artificial intelligence’s voracious appetite for processing power WSB-TV Channel 2 [Video]

SAN JOSE, Calif. — (AP) — Two tech CEOs scrambling to produce more of the sophisticated chips needed for artificial intelligence met for a brainstorming session Wednesday while the booming market’s early leader reported another quarter of eye-popping growth.

The on-stage conversation between Intel CEO Pat Gelsinger and OpenAI CEO Sam Altman unfolded in a San Jose, California, convention center a few hours after Nvidia disclosed its revenue for the November-January period nearly quadrupled from the previous year.

Intel, a Silicon Valley pioneer that has been struggling in recent years, laid out its plans for catching up to Nvidia during a daylong conference. Gelsinger kicked things off with a opening speech outlining how he envisions the feverish demand for AI-equipped chips revitalizing his company in a surge he dubbed the “Siliconomy.”

“It’s just magic the way these tiny chips are enabling the modern economic cycle we are in today,” Gelsinger said.

OpenAI, a San Francisco startup backed by Microsoft, has become one of …