The computers are equipped with an Intel Celeron-M processor and a 1GB or 2GB Flash drive for the Linux and Windows versions respectively. Intel has said that the Classmate PC will cost around $350.
The OLPC project aims to ship several million of its PCs later this year at a cost of about $150 per unit.
Although the two projects sell notebook computers, they have different underlying philosophies.
The OLPC project sees itself as an educational initiative centred on openness that allows children to gain knowledge autonomously. The computers are designed from the ground up.
Intel, meanwhile, aims to deliver a fully functional laptop PC that mimics computers in the developed world.
Could be used for everything from search-and-rescue robots to wearable tech
Don't require the rare material being mined from the mountains of South America
IBM hopes that its new tool will avoid bias in artificial intelligence
Found by calculating the strength of the material deep inside the crust of neutron stars