Intel fires 15,000 employees as it intensifies focus on AI
Briefly

Intel is intensifying its investment in the development of next-generation AI chips and expanding chip fabrication capabilities amidst financial difficulties and competition from AMD and Nvidia in the AI chip market.
AMD's recent earnings show growth driven by strong AI data center chip sales, leveraging AI advancements to enhance market position, drive growth, and improve financial stability.
"Our revenues have not grown as expected - and we've yet to fully benefit from powerful trends, like AI," says Intel CEO Pat Gelsinger, highlighting the need for bolder actions to address high costs and low margins.
Read at Computerworld
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