Senior Level Management

CEOs of Intel, OpenAI chat about future of AI and ‘mind-boggling’ need for chips

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CEOs of Intel, OpenAI chat about future of AI and ‘mind-boggling’ need for chips

SAN JOSE, Calif. — Two tech CEOs scrambling to produce more of the sophisticated chips needed for artificial intelligence met for a brainstorming session Wednesday while the booming market’s early leader reported another quarter of eye-popping growth. Intel INTC , a Silicon Valley pioneer that has been struggling in recent years, laid out its plans …

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Opinion: OpenAI’s Sam Altman has plans for AI that could mean big money for Intel

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Opinion: OpenAI’s Sam Altman has plans for AI that could mean big money for Intel

I’m bullish on Intel for three main reasons: the leadership of Chief Executive Pat Gelsinger, the company’s strong ecosystem and Intel’s INTC ambitious foundry business — which has perhaps found the perfect moment to become the most important driver of Intel’s future.  Open AI CEO Sam Altman drew widespread attention recently when he appealed for up …

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Applied Materials’ stock climbs as company logs earnings beat, sees AI momentum

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Applied Materials’ stock climbs as company logs earnings beat, sees AI momentum

Last Updated: Feb. 15, 2024 at 8:12 p.m. ET First Published: Feb. 15, 2024 at 5:12 p.m. ET Applied Materials Inc. delivered upbeat results and guidance Thursday afternoon, and its stock surged in the extended session. The chip-equipment company logged fiscal-first quarter net income of $2.02 billion, or $2.41 a share, compared with $1.72 billion, …

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