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The gloves are off at Intel as new CEO plots major strategy shift
Intel’s incoming CEO has some big plans for the firm’s business strategy, sources familiar with the matter have told Reuters. Lip-Bu Tan appears primed to overhaul Intel’s chip and AI strategies to breathe new life into the firm following a rocky period of layoffs and faltering revenue returns. Tan will restructure the company’s approach to AI as well as cut…
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French government plots new bid for Atos business unit
The French government is in negotiations with struggling IT firm Atos to buy the company’s advanced computing activities for €500 million. Atos’ advanced computing business includes its high-performance computing (HPC) and quantum operations, as well as the business computing and AI divisions. It currently employs around 2,500 staff, with a revenue of around €570 million in 2023. After other acquisition…
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