Intel launches Gaudi 3 as Meta cuts workforce

Key Takeaways

• Intel is cutting 10-15% of its workforce and shifting focus to AI and foundry services, despite a big drop in quarterly earnings.
• Intel's stock has climbed past its dot-com peak, driven by demand for CPUs used in AI inference and progress in its foundry business.
• Chinese AI startup DeepSeek released a new V4 model with improved reasoning and agentic abilities, partnering with Huawei and Cambricon to reduce reliance on Nvidia.
• The US State Department warned allies about Chinese companies, including DeepSeek, allegedly stealing US AI intellectual property through distillation.
• Meta is cutting 10% of its workforce and canceling 6,000 open roles to invest more in AI, making it CEO Mark Zuckerberg's top priority.
• Cadence Design Systems expanded partnerships with TSMC, Nvidia, and Google to bring agentic AI and advanced design tools to chip technologies.
• Stanford professor James Zou is raising about $100 million for a new AI physiology startup called Human Intelligence at a roughly $1 billion valuation.
• American Express launched an AI developer kit called Agentic Commerce Experiences and acquired the AI expense platform Hypercard.
• Wall Street analysts are bullish on AI stocks like Applied Digital and Nvidia, with investors returning after a first-quarter correction.
• Microsoft and other cloud providers are limiting GPU access for AI startups, pressuring them to pay higher prices or find alternative sources.

Intel cuts jobs and focuses on AI and foundry services

Intel announced layoffs affecting 10 to 15 percent of its workforce as it shifts focus to AI and foundry services. The company reported a big drop in quarterly earnings, which led to the job cuts. CEO Pat Gelsinger is leading a plan to expand Intel's chip manufacturing and develop AI processors. Intel faces tough competition from Nvidia in the AI chip market.

Intel stock rises above dot-com peak thanks to AI demand

Intel's stock price has climbed past its highest point during the dot-com bubble. The surge is driven by strong demand for Intel's CPUs in AI applications and progress in its foundry business. CEO Pat Gelsinger's turnaround plan, called IDM 2.0, focuses on regaining manufacturing leadership. The company's advanced packaging technologies are also helping it grow.

Intel CEO says AI inference demand boosts CPU sales

Intel CEO Pat Gelsinger said the company is seeing strong demand for its CPUs used in AI inference, which is the process of running trained AI models. He explained that this demand is a major growth driver for Intel. The company is focusing on integrated hardware solutions that combine CPUs and memory to meet AI workload needs. This strategy helps Intel compete in the growing AI market.

Intel CEO says AI demand is helping the PC market recover

Intel CEO Pat Gelsinger said that growing demand for AI is driving a recovery in the PC market. He noted that companies are investing more in AI infrastructure, which increases the need for server CPUs and AI inference chips. Intel's stock has performed well and even outperformed Nvidia recently. Gelsinger is optimistic about Intel's future in the AI industry.

Intel aims to capture AI market share with efficient processors

Intel CEO Pat Gelsinger shared the company's plan to gain a larger share of the AI market. The strategy focuses on making efficient processors like the Gaudi 3 and integrating AI into PCs. Gelsinger spoke about these plans on Bloomberg Businessweek Daily. Intel is working to compete with other chip makers in the fast-growing AI sector.

Intel stock jumps on strong earnings and AI demand

Intel's stock rose over 15 percent after the company reported earnings that beat analyst expectations. Analysts are watching Intel's strategy to supply chips for AI workloads, especially server CPUs. The company faces the challenge of meeting the huge demand for AI-specific chips. Intel is also adding AI features to its PC processors to reach more customers.

Chinese AI startup DeepSeek releases new V4 model

DeepSeek, a Chinese AI company, released a preview of its new V4 model. The model has improved reasoning and agentic abilities, meaning it can act on its own to do tasks like writing code. It also processes larger amounts of information more efficiently. Analysts say the new model is unlikely to shock markets like last year's R1 model did. DeepSeek partnered with Chinese chipmakers Huawei and Cambricon to run V4, reducing reliance on Nvidia hardware.

US State Department warns allies about Chinese AI theft claims

The US State Department sent a cable to diplomatic posts worldwide to warn about Chinese companies, including DeepSeek, allegedly stealing US AI intellectual property. The cable instructs staff to discuss concerns about adversaries extracting and distilling US AI models. Distillation is a process where smaller AI models are trained using output from larger ones. China rejected the accusations as groundless. The White House also made similar accusations against DeepSeek and other Chinese AI firms.

Meta cuts 10 percent of workforce to invest more in AI

Meta announced it is cutting 10 percent of its workforce and canceling plans to fill 6,000 open roles. The company has already laid off employees in its Reality Labs unit and other departments this year. CEO Mark Zuckerberg has made AI the company's top priority, redirecting resources toward artificial intelligence. Meta is trying to catch up with rivals like OpenAI, Google, and Anthropic in the AI space.

Okta stock down 23 percent but AI security could help recovery

Okta's stock has fallen 23 percent over the past year, but the company has returned to profitability with fiscal 2026 revenue of $2.9 billion. The company is focusing on AI agent identity security as a new growth area. Analysts estimate Okta stock could reach $100 per share by January 2029, offering a potential 31.5 percent return. The company also announced a $1 billion share repurchase program.

Twilio could be a strong AI growth stock after tech sell-off

Twilio is a cloud communications company that uses AI to help clients improve customer service. Its AI solutions are driving sales growth, with a dollar-based net expansion rate of 109 percent in the fourth quarter of 2025. The company added almost 24 percent more active customer accounts, reaching 402,000. Analysts predict Twilio's stock could jump 63 percent from current levels by 2028 due to growing demand for AI software.

Cadence expands AI alliances with TSMC, Nvidia, and Google

Cadence Design Systems expanded its partnerships with TSMC, Nvidia, and Google to bring agentic AI and advanced design tools to leading chip technologies. The collaboration gives Cadence customers access to TSMC's N3 and N2 process nodes. The alliances with Nvidia and Google provide access to their AI and cloud platforms. This positions Cadence at the center of next-generation semiconductor and AI workflows.

Stanford professor aims for billion dollar AI physiology startup

Stanford professor James Zou is raising money for a new company called Human Intelligence at a roughly $1 billion valuation. The startup will build AI models to improve research about the human body. It aims to raise about $100 million. The company builds on Zou's research in physiology and AI.

American Express reports strong Q1 and expands AI efforts

American Express reported first-quarter results that beat analyst expectations, with double-digit revenue and earnings growth. The company launched a new AI developer kit called Agentic Commerce Experiences and Amex Agent Purchase Protection. It also acquired the AI expense platform Hypercard. American Express is investing more in marketing and technology, especially AI, to drive future growth.

Wall Street loves these two AI growth stocks on the Nasdaq

Wall Street analysts are bullish on two AI stocks on the Nasdaq: Applied Digital and Nvidia. Applied Digital is developing four new data centers and expects large profits in the coming years. Nvidia stock is trading at a reasonable valuation, making it a good buy. Investors are returning to AI stocks after a first-quarter correction in the Nasdaq Composite.

Ford plant manager says AI Vision system enhances operations not replaces workers

Ford Dearborn Truck Plant Manager Corey Williams said the company's AI Vision system is designed to enhance factory operations, not replace workers. He detailed how the technology is being used on the factory floor in an interview on Fox Business. The AI system helps improve efficiency and quality in the manufacturing process.

Microsoft and cloud providers limit GPU access pressuring AI startups

Microsoft and other cloud providers are diverting GPU stockpiles to their internal teams and larger customers, making it harder for AI startups to access the chips. The supply crunch is impacting AI model development, which requires significant computing power. Startups are forced to pay higher prices or find alternative sources. The situation is expected to worsen as demand for GPUs continues to grow.

Sources

• Intel's AI Push: Layoffs, New Chips, and a Race Against Time
• Intel Stock Surges Past Dot-Com Peak on AI Demand
• Intel's AI Chip Demand: A Boon for Semiconductor Stocks?
• Intel CEO: AI Demand is Driving PC Market Recovery
• Intel's AI Push: Focus on Efficiency and Market Share
• Intel's AI Push: Analysts Weigh in on Growth and Challenges
• China’s AI upstart DeepSeek drops new model. Will it make waves like last year?
• Exclusive: US State Dept orders global warning about alleged China AI thefts by DeepSeek, others
• Meta Cuts 10% Of Workforce To Accelerate AI Investment
• Okta Stock Is Down 23% in 1 Year. Can AI Security Drive a Rebound?
• Prediction: Investors Rotating Out of Tech Will Regret Missing This Artificial Intelligence (AI) Growth Stock
• Cadence’s Expanded AI Alliances With TSMC, NVIDIA and Google Might Change The Case For Investing In Cadence Design Systems (CDNS)
• Stanford Professor Targets $1 Billion Valuation For AI-for-Physiology Startup
• How Investors May Respond To American Express (AXP) AI-Driven Expansion After Strong Q1 Beat
• The Best Artificial Intelligence (AI) Growth Stocks on the Nasdaq That Wall Street Loves Right Now
• Ford's AI Vision system 'not replacing anyone,' it's enhancing our operation: Truck plant manager
• Microsoft and Other Cloud Providers Tighten Grip on GPUs, Pressuring AI Customers