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RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

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Intel

🌎 intel.com

Intel’s mission is to shape the future of technology to help create a better future for the entire world. By pushing forward in fields like AI, analytics, and cloud-to-edge technology, Intel’s work is at the heart of countless innovations. They are known for their semiconductor design and manufacturing, contributing to advancements in artificial intelligence, autonomous driving, and various computing solutions.

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Intel - Latest News and Updates

• Intel's stock rose by 12% after Q3 earnings report due to strong data center revenue and a positive Q4 forecast.
• Intel announced advancements in 18A, AI PCs, and Foundry Services in their Q3 2024 results.
• Intel co-developed the FIPS 205 post-quantum cryptography standard with an international team, using the SPHINCS+ algorithm to enhance data security against future quantum threats.
• Intel has partnered with Hewlett Packard Enterprise, WaitTime, and TD SYNNEX to launch a next-gen AI-powered crowd analytics solution that operates without a GPU.
• Intel's Parallel STL, which supports C++17 Parallel Algorithms, will soon be the base for libstdc++ for GCC, enhancing its compatibility with Intel processors.

• Intel shares jumped 7% after reporting better-than-expected earnings and issuing positive guidance amid a major restructuring initiative.
• Intel reported $13.3 billion in revenue, surpassing forecasts, but missed earnings expectations with an EPS of -$0.46.
• Intel announced its third-quarter 2024 financial results.
• Intel CEO Pat Gelsinger announced that the company's AI and foundry businesses are driving growth, with stock rising over 6% after exceeding Q3 expectations and completing major layoffs.
• Intel's latest Xeon processors now include the Intel Dynamic Load Balancer accelerator to optimize network performance.

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