Intel scores Amazon AI chip deal, reigniting hopes for a turnaround
The announcement comes after Intel secured up to $3 billion in direct funding under the US CHIPS and Science Act.
Intel to Make Custom AI Chip for Amazon, Delay German Plant
Intel Corp. Chief Executive Officer Pat Gelsinger has landed Amazon.com Inc.’s AWS as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker.
$30 In Sight for Intel Stock After Amazon AI Chip Win?
Intel stock (NASDAQ: INTC) rallied by close to 6% in Monday’s trading and gained by another 8% in after-hours trading, taking the stock to levels of about $22 per share. Intel stock still remains down by over 50% year-to-date.
Intel stock surges 14% on AI chip deal with Amazon
The two companies will co-invest in making "fabric chips" that will be built in a new factory under construction outside Columbus, Ohio.
Intel Developing AI Chips for Amazon in Multibillion-Dollar Deal
Intel is making two new AI-capable chips for Amazon's cloud computing unit, including one based on Intel's Xeon 6.
Intel shares jump on chip deal with Amazon
The announcement came after Intel said earlier in the day it would receive up to $3 billion in funding under the CHIPS and Science Act to manufacture chips for the military. Intel Foundry and Amazon Web Services will coinvest in a custom chip design for the latter and “announced a multi-year,
Intel strikes deal with Amazon to develop AI chips for AWS
CNBC’s Seema Mody reports on Intel's new deal to build AI chips for Amazon, how it could affect share prices, and more.
Intel Corporation (INTC) Strikes A Deal With Tech Giant Amazon To Manufacture AI Chips
Intel Signs AI Chip Deal With Amazon, To Split Foundry Business As Separate Subsidiary
The deal will expand Intel's strategic collaboration with Amazon Web Services (AWS). Under the deal, Intel Foundry -- the contract manufacturing arm of Intel -- will produce an artificial intelligence (AI) fabric chip for AWS on Intel 18A process.
The Economist13h
China’s AI firms are cleverly innovating around chip bans
Some Chinese firms are rumoured to be turning to the black market to get their hands on these coveted chips. But the majority ...
Dow’s Lack of AI Stocks Puts Blue-Chip Index ‘Behind the Curve’
The rise of artificial intelligence has reordered the American stock market, pushing the likes of Nvidia Corp. and other ...
Nvidia Stock Falls. But Its New AI Chip Is in Hot Demand, Analyst Says.
Nvidia stock fell Tuesday despite signs of strong demand for its next-generation chips coming from its supply chain in ...
The Economist3d
AI has propelled chip architecture towards a tighter bond with software
In the 2000s, software companies like Google, Microsoft and Meta were content with the incremental processing gains that ...
4 Things Investors Must Know About AI
The pace of transformation that generative AI is driving is unlike any other technology seen before. Below, I dig into the ...
Intel moves to spin out foundry business, inks AI chip deal with AWS
Intel announced it'll pause its chip-making plans in Poland and Germany -- and expand a deal with AWS to build custom chips, ...
SiFive unveils RISC-V chip design for high-performance AI workloads
SiFive, a designer of chips based on the RISC-V computing platform, announced a series of new AI chips for high-performance ...
Amazon's Leaner Structure and AI Chip Partnership with Intel Could Boost Growth: BofA Analyst
BofA Securities analyst Justin Post maintained a Buy rating on Amazon.Com Inc (NASDAQ:AMZN) with a price target of $210. The ...
Chip Startup Groq Backs Saudi AI Ambitions With Aramco Deal
Artificial intelligence startup Groq Inc. has partnered with oil producer Aramco to build a giant data center in Saudi Arabia ...
Nvidia Stock Rises. Why Fed’s Jumbo Rate Cut Will Boost the AI Chip Maker.
Nvidia shares racked up more gains on Thursday, rising amid the broader rally triggered by the Federal Reserve’s decision to ...