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Intel Deepens Bet on AI Startup Tied to Its CEO [Yahoo! Finance]
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Warning! GuruFocus has detected 8 Warning Signs with INTC. Is INTC fairly valued? Test your thesis with our free DCF calculator. The chipmaker wants to put in another $15 million, which would give it about 9% of the company. That comes after a $35 million investment earlier this year, which shows that Intel is becoming more interested in the firm as it tries to improve its position in AI. Intel doesn't see SambaNova as simply another startup. Intel CEO Lip-Bu Tan is in charge of it, which makes things more tricky. Intel claims it has robust rules for how it runs its business, but some experts are worried about possible conflicts of interest in deals with companies supported by Tan. There is also a strategic side to it. SambaNova is focusing on AI systems that focus on inference, which is the process that chatbots and other tools use to come up with answers. This is a field where demand is growing quickly. Intel has also put money into a number of other firms that are part o
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- Strategic Partnerships Fuel Intel's Turnaround [Yahoo! Finance][Yahoo! Finance]
- Intel Appoints Aparna Bawa as Executive Vice President and Chief Legal & People Officer [Yahoo! Finance][Yahoo! Finance]
- Intel Appoints Aparna Bawa as Executive Vice President and Chief Legal & People Officer[Business Wire]
- Intel: The Easy Money Is Gone [Seeking Alpha][Seeking Alpha]
- Intel to increase investment in SambaNova, expanding AI partnership [Yahoo! Finance][Yahoo! Finance]
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