Intel Gutted an AI Division It Bragged Grew 22% and Called Focus
Intel opened fresh layoffs in the one unit it sells to Wall Street as its future, the Data Center and AI Group that grew revenue 22% year over year to $5.1 billion.
Intel just started cutting the Data Center and AI Group, the exact division CEO Lip-Bu Tan waves at investors as proof the turnaround works. Intel reported the unit grew revenue 22% year over year to $5.1 billion with a 30.5% operating margin, then decided the reward for winning was pink slips, dressed up as becoming a “more focused and efficient organization.” The company would not say how many people it torched, and the stock kept climbing anyway, because nothing says confidence in AI like firing the people building it. Benzinga on Intel’s data center cuts
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