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.
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."
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.
Now whether they fired the right tens of thousands is another matter.
According to Wikipedia, for FY25:
Intel: 102,000 employees
AMD: 28,000 employees
Nvidia: 36,000 employees
I'm pretty sure the latter two have been growing headcount lately, and even then combined they still have fewer employees than Intel.
Now intel isn’t doing as well on the chip design side as amd or nvidia nor as well on the fab side as tsmc but i suspect that’s on leadership thrashing constantly like it is more than anything else.
[1] https://www.tomshardware.com/tech-industry/intel-will-keep-u...
>"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
With their own fabs, at that
Seems like you'd prefer yet another +1 selling AI oil and promises ...