Will more funding be needed to keep Intel competitive?

Will more funding be needed to keep Intel competitive?

On 1 August 2024, Intel announced financial results for the second quarter of 2024. They weren’t pretty; the company’s stock dropped more than 25 percent as it announced an aggressive plan to cut costs, including layoffs that will impact 15 percent of its entire workforce.

  • 1984English
    51·
    4 months ago

    And this is why I don’t understand why Nvidia is valued so highly on the stock market. It’s obvious that other players are developing chips for Ai as well, and it’s also obvious that the benefits from Ai are just shallow stuff like helping the consumer do things with their voice instead of clicking buttons.

    Sure we got Ai to make pics better, and Ai to help with tasks, but if it wasn’t there, we wouldn’t even think twice about it.

    Chat gpt seems to be the best product so far.

    • psycho_driver@lemmy.worldEnglish
      5·
      4 months ago

      And this is why I don’t understand why Nvidia is valued so highly on the stock market.

      Don’t hold your breath waiting for anything about the stock market to make sense.

    • Viking_Hippie@lemmy.worldEnglish
      3·
      4 months ago

      it’s also obvious that the benefits from Ai are just shallow stuff like helping the consumer do things with their voice instead of clicking buttons.

      Not obvious to the billionaires and hedge funds who own most of the stock market.

      Never forget that wealth and power doesn’t automatically equal intelligence and competence…