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Cake day: July 14th, 2024

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  • The stake will be paid for through $5.7 billion in grants previously awarded to Intel under the 2022 U.S. CHIPS and Science Act, plus $3.2 billion awarded to the company as part of a program called Secure Enclave. It’s a formerly classified initiative that Congress appropriated funds for in 2024 after lobbying by Intel, Politico reported in 2024.

    Including $2.2 billion in CHIPs grants Intel has received so far, the total investment is $11.1 billion, or 9.9%. Intel is valued at about $108 billion on the stock market.




  • for example, “have seen revenues jump from zero to $20 million in a year,” he said. “It’s because they pick one pain point, execute well, and partner smartly with companies who use their tools,” he added.

    Sounds like they were able to sell their AI services. That doesn’t really measure AI success, only product market success.

    Celebrating a revenue jump from zero, presumably because they did not exist before, is… quite surprising. It’s not like they became more efficient thanks to AI.