Intel co-chief executive Michelle Johnston Holthaus says the rise of DeepSeek chatbot could signal opportunity to be a disruptive player in the market for chips that power artficial intelligence. Photo: Pau BARRENA / AFPSource: AFP Intel reported a fourth-quarter loss on Tuesday, but better than expected revenue as the US chip giant continues to struggle to stake its place in the artificial intelligence revolution. The company posted a net loss of $126 million for the quarter ending December 28, compared to a profit of $2.67 billion in the same period last year. Revenue declined seven percent to $14.3 billion, which was slightly better than expected by analysts. The company’s share price rose two percent in after-hours trading following the earnings release. “While Intel’s revenue decline remains concerning, the overall results
Tag Archives: SiliconValley
Jan
Chinese artificial intelligence (AI) start-up DeepSeek has gone quiet this week as it enters “holiday mode” for Lunar New Year while its recent technological developments continue to send shock waves through Wall Street and Silicon Valley, prompting reflections about current industry strategies and business models. DeepSeek’s rapid rise in AI has attracted attention across the Pacific this week with comments from US President Donald Trump and OpenAI co-founder and CEO Sam Altman, after stocks related to the industry saw significant declines on Monday. The correction resulted in the largest single-day loss ever for semiconductor giant Nvidia . Yet the Hangzhou-based start-up, including founder Liang Wenfeng and the firm’s young scientists, has shunned public attention as China entered its week-long Lunar New Year holiday. The company made its last update at