Intel’s struggles, doubts over potential of AI and Google’s humbling in federal antitrust suit all point to a potential inflection point for the sector
Intel ’s struggles, doubts over potential of AI and Google ’s humbling in a federal antitrust suit all point to a potential inflection point for the sector
In just the past few weeks, several developments have rattled the generally optimistic tech space. Some big lay-offs are in the news, with big cuts pending atwas designated a monopolist in violation of US antitrust law, a momentous and likely, far-reaching decision that could reshape the future industry landscape.
Take Intel. Once the titan of the $600 billion chip sector, it has been struggling. Intel’s had production problems and has failed to keep pace with rivals, or new directions in chip technologies, particularly in providing chips to power AI. Nvidia now towers in that space. As it tries to remake itself and costs mount, Intel has announced it will shed 15 per cent of its workforce, with an as yet unknown impact on its 4,900 employees in Ireland.
One view is that AI will have an important, but relatively dull place doing mundane heavy-duty processing tasks that increase productivity, rather than in the dramatic areas of current investment. Defending an antitrust suit imposes a heavy burden: years, mounting costs and operational uncertainties, plus the risk of serious outcomes, including company dismemberment.
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