Intel Corporation (NASDAQ: INTC) is realigning its artificial intelligence (AI) strategy as CEO Lip-Bu Tan takes charge after CTO Sachin Katti departed to join OpenAI. Katti had led Intel’s AI initiatives since a management shakeup earlier this year. Despite this leadership shift, Intel remains committed to advancing AI as a strategic priority and executing its technology roadmap for emerging workloads. The departure aligns with a broader trend of changes in Intel’s upper management since Tan’s appointment. The company is facing intense competition from Nvidia (NASDAQ: NVDA) and Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) in the AI chip market. Intel’s latest earnings report revealed modest revenue growth of $13.65 billion, surpassing analyst predictions. The firm’s stock has surged 90.16% year-to-date. This restructuring aims to bolster Intel’s position in the rapidly evolving AI industry.
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