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CEO of a silicon company saying his business is "too late for AI" is a CEO either without a vision or guts, an accountant, the safe option. If it's anywhere clo
by baq 1y ago
CEO of a silicon company saying his business is "too late for AI" is a CEO either without a vision or guts, an accountant, the safe option. If it's anywhere close to true, Intel is looking to sell itself for parts.
- freedomben 1y agoAgreed, either their business situation is far more critical than we know, this is a gross indictment of their R&D, or this is malpractice on the part of the leadership
- checker659 1y ago> of a silicon company With their own fabs, at that
- moralestapia 1y agoWell, but if it's true and there's a better strategy, why wouldn't he do it? Seems like you'd prefer yet another +1 selling AI oil and promises ...
- h2zizzle 1y agoOr, a sly way of calling the AI bubble.
- tester756 1y agoThe real quote is: >"On training, I think it is too late for us," Not too late for AI, but too late for training meanwhile there's inference opportunity or something like that
- aDyslecticCrow 1y agoToo late for the AI boom if they have to spend another 2 years and manufacturing investments to get a product out for the segment. We are over-inflated on AI hype. Its relevance will remain but betting a company on it isn't a wise idea.
- BeetleB 1y agoThere's a whole backstory to this. When he joined only a few months ago, he set the vision of making Intel a worthy participant in the AI space. Then just a few months later, he announced "we cannot compete". What happened in the middle? Recent articles came out about the conflict between him and Frank Yeary, the head of the Intel board. He wanted to acquire a hot AI startup, and Frank opposed it. Two factions were formed in the Board, and they lost a lot of time battling it out. While this was going on, a FAANG came in and bought the startup. I think his announcement that Intel cannot compete was his way of saying "I cannot do it with the current Intel board."
- Scramblejams 1y agoWhat startup was it?
- BeetleB 1y agoThe news articles didn't name it.
- horsawlarway 1y agoFeels like a fair statement. My read is basically that Intel's board is frustrated they can't part the company out, take their cash, and go home. I'd also be incredibly frustrated working with a board that seems deadset on actively sabotaging the company for short term gains.
- downrightmike 1y agoWhat happened is they fired tens of thousands of their workforce. They knee-capped themselves. Having people with experience and institutional knowledge is required. You can't just toss that out the windows and expect things to work.
- BeetleB 1y agoBy any measure, Intel was bloated. All their competitors are doing a lot more with a lot fewer people. Now whether they fired the right tens of thousands is another matter.