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https://en.infomaxai.com/news/articleView.html?idxno=79247
#Intel is suffering through one of its worst periods as it attempts to play catchup in the #AI era against the likes of #Nvidia, the dominant #AIChipmaker with a $3 trillion market capitalization. In contrast, Intel’s has now sunk to below $100 billion after a disastrous second-quarter earnings report in August.
Intel CEO to pitch board on plans to shed assets, cut costs, source says
https://www.rappler.com/technology/intel-ceo-pitch-board-plans-shed-assets-cut-costs/
The former industry leader, suffering as Nvidia dominates in the AI chip era, has plans to slice off unnecessary businesses. Nvidia currently has a market capitalization of $3 trillion while Intel's has sunk below $100 billion