Chipmaker Intel has announced plans to cut around 17,500 jobs, or 15% of its workforce, as part of a broader strategy to reduce costs and realign operations, following a net loss of $1.6 billion in the second quarter.
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Extreme Networks has forged a co-innovation alliance with Intel to boost the AI capabilities of its Extreme AI Expert solution, aiming to optimise network performance and enhance security.
Intel has confirmed the launch of its next-generation Core Ultra processors, codenamed “Lunar Lake,” on September 3 in Berlin, featuring a significant focus on AI and performance improvements.
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OUR TAKELisa Spelman, a seasoned veteran of Intel Corporation, is set to lead Cornelis Networks as CEO, a startup specialising…
Wall Street’s semiconductor index lost over $500 billion on Wednesday due to reports of potential U.S. export restrictions on China. Intel, a major beneficiary of the U.S. Chips Act with $52.7 billion in subsidies, may gain from geopolitical tensions but faces concerns over revitalizing its manufacturing business.
Intel’s software strategy is expected to reach $1 billion by the end of 2027, or sooner, with its services in AI, performance, and security.
Intel Capital is leading an investment in AI construction startup Buildots, using technology to enhance project management efficiency.