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Intel gets a new CEO, and investors start doubting when AI will pay off
- Intel has appointed a new CEO, Lip-Bu Tan, signaling change in the company's leadership amidst challenges in turning around the business.
- Interest in AI is on the rise with the emergence of new AI services, although the practical impact is currently limited.
- Companies are introducing more lightweight language models, expanding the possibilities in AI, despite high compute costs.
- Investors are growing impatient with the perceived slow progress of AI in driving enterprise value, as indicated by the performance of companies like UiPath and Adobe.
- Quantum computing is gaining investor interest, with D-Wave claiming to achieve quantum supremacy, though opinions on this vary.
- Upcoming events like Nvidia GTC are expected to shed light on new technology developments including AI models and quantum computing.
- In the AI and data sector, a range of new models and services have been introduced, highlighting advancements such as AI APIs, robotics models, and AI planning systems.
- Significant financial transactions have taken place in the AI industry, with acquisitions and funding rounds boosting companies like ServiceNow, Qualcomm, and several AI startups.
- In the enterprise realm, Intel's new CEO faces the challenge of steering the company, while various tech companies announce partnerships and new products aimed at enhancing AI performance and infrastructure.
- Earnings reports reveal mixed outcomes, with companies like Oracle and Asana experiencing disappointments, while others such as Rubrik and PagerDuty outperform market expectations.
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