Computer

Intel Sold $1 Billion of Artificial Intelligence Chips in 2017

Intel Corp on Wednesday said it sold $1 billion (roughly Rs. 6,800 crores) of artificial intelligence processor chips in 2017, the first time the world’s second-largest chipmaker disclosed revenue from the fast-growing computing segment that has fuelled sales expansions at rivals such as Nvidia Corp. As PC sales have stagnated, Intel has increasingly been depending on its […]

Internet

Intel Says Committed to Increase Accessibility of AI Tools in India

Chipmaker Intel on Wednesday said it was committed to accelerate the accessibility of Artificial Intelligence tools across industries, and drive the next wave of computing by strategically investing in developer education. To develop AI-ready talent in the country, the company said it had trained more than 99,000 developers, students and professors since April 2017. “We have been […]

Internet

Intel to Spin Out McAfee Unit, Sell Stake in Business to TPG

Intel Corp said it would spin out its cyber security division, formerly known as McAfee, and sell a majority stake in it to investment firm TPG for $3.1 billion in cash. TPG will own 51 percent of the new entity, valuing the entire company at $4.2 billion including debt. Intel, which bought McAfee for $7.7 […]

Computer

Intel Reports Strong Quarterly Profit, Slowing Data Centre Revenue

Intel Corp’s strong quarterly profit beat was overshadowed by concerns about slowing revenue growth in its highly profitable data centre business, sending its shares down about 5.6 percent in after-market trading. Chief Executive Brian Krzanich has looked to weather a slump in demand for chips used in personal computers by focusing on the business of […]

Computer

Slowing data center revenue growth dims Intel’s profit beat

Intel Corp’s strong quarterly profit beat was overshadowed by concerns about slowing revenue growth in its highly profitable data center business, sending its shares down about 5.6 percent in after-market trading. Chief Executive Brian Krzanich has looked to weather a slump in demand for chips used in personal computers by focusing on the business of […]