Intel's stock has fallen to its lowest level in nearly 50 years, dropping 26% to $21.48 on August 2 and further sinking below $20 by Monday, with a low of $18.99. At the start of the year, Intel shares were valued at $41.80.
This sharp decline follows several significant setbacks for the chipmaker. Intel announced it will reduce its workforce by 15%, translating to approximately 17,000 job cuts. Additionally, the company faces backlash over instability issues with its 13th and 14th-generation Raptor Lake CPUs, leading to two class-action lawsuits.
Further compounding the situation, Intel reportedly passed on an opportunity to acquire a stake in OpenAI, citing a belief that generative AI was not a near-term market winner.
Nvidia is encountering delays with its new Blackwell flagship chips, specifically the B200 series, due to a design flaw discovered late in the production process. The issue, identified by Taiwan Semiconductor Manufacturing Company (TSMC), affects the processor die that connects two Blackwell GPUs on a single board.
As a result, Nvidia will need to rework the design and conduct additional production tests with TSMC before proceeding to mass production. The delays could push some shipments back to 2025, impacting Nvidia's production targets and affecting customers who had anticipated receiving the chips later this year.
Amazon is upgrading its AI-driven Just Walk Out technology, which allows shoppers to pick up items and exit without a traditional checkout process. The new multimodal foundation model enhances the system's accuracy by incorporating data from sensors and cameras simultaneously, rather than sequentially.
The upgraded AI also features continuous self-learning, which means the system can adapt to changes in store fixtures or merchandise without frequent retraining. This advancement aims to improve the overall efficiency and accuracy of the checkout-free shopping experience.
Elon Musk's AI chatbot Grok is facing criticism for disseminating false information about Democratic presidential candidate Kamala Harris. A Grok post on X claimed that ballot deadlines had passed in several states, misleadingly suggesting that Harris could not replace President Biden if necessary.
Lawmakers, including Minnesota Secretary of State Steve Simon, Pennsylvania’s Al Schmidt, and New Mexico’s Maggie Toulouse Oliver, have called for immediate updates to Grok. They are urging Musk to implement changes to prevent further misinformation and ensure accurate information is provided to voters in this critical election year.
Ed Watal, founder and principal of Intellibus, explores how AI is revolutionizing education. He highlights how AI tools are helping teachers become more efficient, allowing them to focus on their primary role: teaching. AI advancements are streamlining administrative tasks and supporting educators in providing personalized learning experiences to students.
