this post was submitted on 01 Aug 2024
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Intel is laying off over 15,000 employees and will stop ‘non-essential work’ (www.theverge.com)
submitted 3 months ago by [email protected] to c/technology
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So they got all that money from Uncle Sam's CHIPS Act only to lay off 10,000 employees and make themselves "lean". Govt funded unemployment.

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[–] [email protected] 1 points 3 months ago (1 children)

Nvidia's AI gambit is at least diversified to different kinds of AI. Even if (or probably when) LLM AI taps out, Nvidia will likely also be behind the AI tech that takes its place.

[–] [email protected] 1 points 3 months ago

I honestly don't think investors can tell the difference between LLMs+SD and more useful neural networks like audio and video filtering tools. All the money is in LLMs, anyways, I don't think anybody is buying $1B of datacenter CPUs for the more useful kinds of AI.