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Intel is laying off over 15,000 employees and will stop ‘non-essential work’(www.theverge.com)

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Eezyville@sh.itjust.works
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So they got all that money from Uncle Sam’s CHIPS Act only to lay off 10,000 employees and make themselves “lean”. Govt funded unemployment.

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_bcron@lemmy.world
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Justin@lemmy.jlh.name
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ARM and Qualcomm aren’t really involved with AI, and AI only makes up 15-20% of AMD’s revenue. Nvidia the one to watch out for, an entire 85% of their revenue is just AI and Mellanox. The Nvidia pump has been insane.

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hamsterkill@lemmy.sdf.org
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Nvidia’s AI gambit is at least diversified to different kinds of AI. Even if (or probably when) LLM AI taps out, Nvidia will likely also be behind the AI tech that takes its place.

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Justin@lemmy.jlh.name
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I honestly don’t think investors can tell the difference between LLMs+SD and more useful neural networks like audio and video filtering tools. All the money is in LLMs, anyways, I don’t think anybody is buying $1B of datacenter CPUs for the more useful kinds of AI.

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_bcron@lemmy.world
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Justin@lemmy.jlh.name
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That’s true, Nvidia’s fall will probably crash the whole market. SOXL tickers don’t trade in unison though, see how much Intel fell in the premarket without affecting other stocks. Of course, Intel is a tenth of the size of Nvidia.

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