Latest news with #Gelsinger
Yahoo
01-08-2025
- Business
- Yahoo
Intel Corporation (INTC) Taught Me Not To Trust AI Chatbots, Says Jim Cramer
We recently published . Intel Corporation (NASDAQ:INTC) is one of the stocks Jim Cramer recently discussed. Intel Corporation (NASDAQ:INTC) continues to face troubles in 2025 as new CEO Lip-Bu Tan tries to steady the ship, which has continued to shakily float for years. The firm's latest earnings report was another setback as it saw management warn about potentially writing off the 18A manufacturing process technology, which Intel Corporation (NASDAQ:INTC) has spent billions of dollars to develop. Cramer discussed the firm in detail after its earnings report, and while he was optimistic about Tan, he also admitted that the turnaround is a long-term affair. This time, Cramer shared how AI chatbots failed to deliver when he queried about Intel Corporation (NASDAQ:INTC): 'Intel yesterday, I read one of these and it said that Intel's on the hook for x. And they Intel, have already made it so they're not on the hook. For the debt. They did a program where they don't get paid until they paid until they built something.' Here's what Cramer said about Intel Corporation (NASDAQ:INTC) after the firm's earnings report: 'Okay so the quarter's reported. And, the quarter really didn't have anything. Lip-Bu Tan's just gotten there. But there was a devastating critique of Gelsinger, of the previous regime. Now I think that sometimes you have to do this really important branch. This is something new. And that's what he felt about Gelsinger. So one of the things that really, I think that if you're thinking about the impact, the government gave them 8.5 billion dollars and they also loaned 11 billion. David, this is not coming together for the Biden administration. Meaning that, look, I'm sure Lip-Bu Tan's going to pay, he's the new CEO but it looks like they picked the wrong horse. And it says to people, particularly this government now, that you've got to be very careful when you have a government that is choosing who's going to win. Because they chose a loser. And a big loser. While we acknowledge the potential of INTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-08-2025
- Business
- Yahoo
Intel Corporation (INTC): New CEO's 'Terrific,' Says Jim Cramer
We recently published . Chip manufacturer Intel Corporation (NASDAQ:INTC) is one of the stocks Jim Cramer recently discussed. Chip manufacturer Intel Corporation (NASDAQ:INTC) just can't seem to catch a break. The firm's shares fell by a whopping 9% after its latest earnings report, which made analysts and investors wonder whether a multi-billion-dollar write-off for the leading-edge 18A chip manufacturing process was in play. Intel Corporation (NASDAQ:INTC) is currently in the midst of a tough turnaround under new CEO Lip-Bu Tan. Here's what Cramer said about the firm: 'Okay so the quarter's reported. And, the quarter really didn't have anything. Lip-Bu Tan's just gotten there. But there was a devastating critique of Gelsinger, of the previous regime. Now I think that sometimes you have to do this really important branch. This is something new. And that's what he felt about Gelsinger. So one of the things that really, I think that if you're thinking about the impact, the government gave them 8.5 billion dollars and they also loaned 11 billion. David, this is not coming together for the Biden administration. Meaning that, look, I'm sure Lip-Bu Tan's going to pay, he's the new CEO but it looks like they picked the wrong horse. And it says to people, particularly this government now, that you've got to be very careful when you have a government that is choosing who's going to win. Because they chose a loser. And a big loser. 'Oh he's terrific. He's making a lot of changes and he's, look it's going to take so long, I mean the company was, the company I don't say in tatters but there was a lot wrong with the company. And a lot of it was this decision of which he very, very brutally says was making an expansion where there should have been no expansion. Building a basically a giant facility hoping people would come. And he was so critical of that it was painful.' While we acknowledge the potential of INTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
16-07-2025
- Business
- Business Insider
Ex-Intel CEO backs Trump's sovereign wealth fund plan — and says it can help the US keep up with China in the tech race
The US is falling behind in the global tech race, and former Intel CEO Pat Gelsinger said a sovereign wealth fund could be the country's best shot at catching up. In a Wall Street Journal op-ed published Tuesday, Gelsinger endorsed President Donald Trump's proposal to create a US sovereign wealth fund, calling it "the country's best tool" to secure American leadership in critical technologies like semiconductors, artificial intelligence, and quantum computing. "Washington's haphazard approach to fueling national competitiveness and strategic industries isn't cutting it," he wrote. "Trump's proposed sovereign wealth fund could secure American leadership." Gelsinger, now a general partner at Playground Global, argued that while American companies are making "significant breakthroughs," scaling those technologies needs "patient, long-term capital typically unavailable from Wall Street or traditional venture funds." A sovereign wealth fund, he said, could support "early-stage quantum companies, help national laboratories commercialize technologies, and ensure US breakthroughs remain domestically controlled." In February, Trump signed an executive order directing the Treasury and Commerce departments to develop a sovereign wealth fund plan to promote "fiscal sustainability," reduce the tax burden, and "promote United States economic and strategic leadership internationally." The agencies had until May to deliver recommendations on structure, governance, funding, and investment strategy. Other nations, including Norway, Singapore, and the UAE, have used sovereign funds to fuel their strategic ambitions and increase global influence. Gelsinger framed a US version of the fund as a strategic response to China's vast state-backed tech investment. "American firms have to grapple with difficult market distortions thanks to Chinese state investment," he wrote, pointing to Beijing's National Venture Capital Guidance Fund, which he said channels "tens of billions of dollars of central, provincial, and private capital into key technologies." He rebutted concerns that such a fund amounts to industrial policy, writing: "This isn't an attempt to surmount market forces. It's about the innovative startups already accessing global sovereign-wealth funds like China's, which may not be aligned with American interests." Not so simple, experts say Nicolai Tangen, CEO of Norway's $1.7 trillion fund — the largest in the world — said that what works in Oslo may not translate easily to Washington. "You need to allocate capital to it, right?" he told Yahoo Finance's "Opening Bid Unfiltered" earlier this month. "What has worked for us in Norway is to have a very long-term view on what we do. It has broad political anchoring." Tangen said that the fund's stability comes from strict rules and transparency. "We are the most transparent fund in the world," he said, adding that "when you have a change in parliament or in government, you do not change the way we invest." Critics have also said that, unlike Norway, the US doesn't run a budget surplus — it runs multi-trillion-dollar deficits. While Trump's executive order references $5.7 trillion in federal assets, monetizing those assets would require political consensus and complex legal maneuvering. Still, Gelsinger believes the stakes are too high to delay. "America needs this fund now more than ever," he wrote. The White House didn't immediately respond to a request for comment from Business Insider.
Time of India
11-07-2025
- Business
- Time of India
Intel's fired CEO Pat Gelsinger reveals 'next chapter', says: Trying to ensure AI models support ...
Intel's fired CEO Pat Gelsinger is set for a new chapter in his professional journey. Gelsinger has announced a new venture aimed at ensuring artificial intelligence serves the betterment of humanity. Gelsinger, in collaboration with "faith tech" company Gloo, unveiled Flourishing AI (FAI), a benchmark designed to assess how effectively AI models align with core human values. He said that the aim of the benchmark is trying to ensure AI models support a flourishing humanity. Gelsinger, who made an initial investment in Gloo approximately a decade ago, is spearheading this initiative to address growing concerns about AI's impact on human well-being. The FAI benchmark draws its foundation from The Global Flourishing Study, a comprehensive survey led by Harvard and Baylor University that measures human flourishing worldwide. Gloo has adapted six key categories from the Global Flourishing Study to evaluate large language models (LLMs): Character and Virtue, Close Social Relationships, Happiness and Life Satisfaction, Meaning and Purpose, Mental and Physical Health, and Financial and Material Stability. In a significant addition, Gloo has incorporated a seventh category: Faith and Spirituality, reflecting a holistic view of human well-being. In an interview with The New Stack, Gelsinger stated, "I've lived at the intersection of faith tech my entire life," highlighting his long-standing personal commitment to the principles underpinning the FAI initiative. This new endeavor marks a significant step for Gelsinger as he transitions from leading a semiconductor giant to championing ethical AI development. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
24-06-2025
- Business
- Yahoo
Intel Says Its 18A Node is 25% Faster Than Intel 3
Intel has great things to say about its upcoming 18A node, but it's using some tough-to-verify comparisons. Intel made its claims at the 2025 Symposium on VLSI Technology in Japan, according to PC Gamer. The chipmaker compared its 18A node with the Intel 3 node, which didn't lead to chips in laptops. So, for now, the performance improvement numbers are just mildly interesting, rather than data with which to make any decisions. The company's more interesting claims boil down to this: a chip based on the 18A process can be up to 25% faster. If you stick to the same speed as Intel 3, 18A is 36% more efficient. That sounds intriguing, but the comparison that potential customers will make is not between 18A and Intel 3; it will be between Intel's 18A and TSMC's N2, which is the 2-nm class node. Intel's chief rival in the processor space, AMD, already has TSMC producing its next generation of Epyc data center CPUs on the N2 node. In any event, we'll have answers with the arrival of Intel's upcoming Panther Lake laptop CPUs. Samples of the system-on-a-chip (SoC) made an appearance at Computex this summer, proving that the vaunted 18A node is about ready for production. Intel estimates that it will start production of the chips sometime this year. As for when we'll see laptops with Panther Lake chips in them? That's looking more like early 2026, says Intel. Credit: Intel Intel's 18A node is nearing completion at a crucial time for the company. It is the final node in former CEO Pat Gelsinger's five-nodes-in-four-years plan, which was meant to revitalize Intel's fortunes. Gelsinger hoped to develop Intel's manufacturing capabilities into a successful foundry business, but the journey was slow and saw setbacks. When Intel spun its manufacturing into a foundry business in the spring of 2024, the company revealed that the foundry business was losing billions every year. And profitability wasn't expected until 2030. The company kicked off its ambitious plan with the Intel 7, which was followed by the 4 and then the 3 node. At that point, Intel changed its naming convention with the 20A node. The 20A node ended up being scrapped, however, and Intel turned its attention entirely to making 18A, which is the process that will be used to make Panther Lake chips, a success. At this point, 18A has reached risk production and appears well on its way to crossing the finish line. Gelsinger, meanwhile, is no longer with Intel, which has a new leader in CEO Lip-Bu Tan.
