Mon. 12/02 – Gelsinger Out At Intel!

Dec 2, 2024 18m

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Episode Description

Pat Gelsinger is out at Intel. So where do they go from here? The first announces from the AWS re:Invent conference. More signs that crypto is in the ascendency. Elon files to block OpenAI from going for profit. Is he the greatest threat to that company? And a new startup taking on Nvidia. Links: Intel CEO Pat Gelsinger retires (TechCrunch) AWS opens physical outlets that let customers upload their data (TechCrunch) Ripple-Linked XRP Soars to Third-Largest Token After Trump Win (Bloomberg) Elon Musk files for injunction to halt OpenAI’s transition to a for-profit (TechCrunch) Musk’s Rivals Fear He Will Target Them With His New Power (WSJ) Bezos Backs AI Chipmaker Vying With Nvidia at $2.6 Billion Value (Bloomberg) Open-source OpenWrt One router released at $89 — 'hacker-friendly device' sports two Ethernet ports, three USB ports, with dual-band Wi-Fi 6 (Tom's Hardware)

AI-Generated Summary

Pat Gelsinger's Departure from Intel

In shocking news, Pat Gelsinger has officially retired as CEO of Intel, effective December 1, 2024, after leading the company through turbulent waters. David Zinsner and Michelle Johnston Holthouse now share the CEO role at Intel during this transition. Gelsinger's departure comes amidst significant challenges for Intel, including a staggering projected annual loss for 2023 that has not been seen since 1986. His tenure involved ambitious plans for domestic semiconductor manufacturing, which were undermined by technical difficulties and intense market pressures.

AWS re:Invent Announcements

The AWS re:Invent conference has kicked off, introducing exciting new services such as the data transfer terminal, allowing customers to upload data to the AWS Cloud. AWS Security Incident Response aims to bolster cybersecurity preparedness, and new generative AI features have been added to Amazon Connect, signaling AWS's commitment to innovation and security in the cloud space.

Crypto Market Resurgence

The cryptocurrency market is on the rise, notably with Ripple-linked XRP's market cap soaring to $137 billion post-election. Speculation surrounding the potential impact of President-elect Trump's policies has fueled optimism among crypto investors, as the market collectively gains around $1.2 trillion in market value since the election.

Elon Musk vs. OpenAI

Elon Musk has filed for an injunction against OpenAI, aiming to block its transition to a for-profit model. In a legal battle rife with accusations of self-dealing and anti-competitive behavior, Musk's claims point to concerns over how OpenAI's shift in governance may affect investor interests and market competition. This conflict puts OpenAI's future in jeopardy amidst rising costs exceeding $5 billion annually.

The Rise of Tense Torrent Against Nvidia

New startup Tense Torrent, an AI chip designer, is vying to challenge Nvidia's dominance in the market. Backed by notable investors including Jeff Bezos, Tense Torrent focuses on creating affordable AI solutions using open-source technology. The competition for powering AI development is heating up, and Tense Torrent aims to carve out a niche against Nvidia by offering interoperability and innovation.

Open Source Hardware Innovations

The release of the OpenWRT-1 router features an open-source design aimed at tinkerers and tech enthusiasts. It offers flexibility and the promise of longevity, addressing growing concerns over e-waste and manufacturer obsolescence. This new hardware reflects a broader trend towards sustainable and adaptable technology.