The Globe and Mail reports in its Friday, Jan. 23, edition that Intel forecast first quarter revenue and profit below market estimates on Thursday. A Reuters dispatch to The Globe reports that Intel forecasts current-quarter revenue at between $11.7-billion and $12.7-billion, compared with analysts' average estimate of $12.51-billion (all figures U.S.). It expects adjusted earnings per share to break even in the first quarter, compared with expectations of adjusted earnings of five cents a share. Investors believe that large tech companies' rapid data centre expansions for artificial intelligence will boost sales of Intel's traditional server chips, which are used with Nvidia's leading graphics processing units. Demand for AI surprised some of the cloud-computing giants, which have had to scramble to upgrade aging fleets of chips because of an "erosion in networking performance," said Intel finance chief David Zinsner. "They were all a little bit caught off guard," Mr. Zinsner said. Chief executive officer Lip-Bu Tan has implemented a turnaround strategy at Intel, focused on cutting costs, reducing management layers and promoting a new product roadmap to address the company's struggles in the AI chip market.