#intel

The European Court has annulled the $1.14 billion fine that the European Commission had imposed on Intel, accusing the company of breaching antitrust laws. The case, which began in 2009, saw numerous restarts as both parties challenged interim rulings.

Intel has reported an operational loss of $7 billion for its manufacturing division in 2023, witnessing a 31% decline in revenue from the previous year, as reported by Reuters.

The Chinese government is set to replace Intel and AMD processors with local innovations and ban the use of Microsoft's Windows operating system in state enterprises. The prohibition extends to all foreign database management software as well.

Rishi Sunak is directing public funds toward acquiring high-performance artificial intelligence chips to ensure the country remains competitive in the global race for computing capabilities. The government has initiated talks with major IT firms such as Nvidia, AMD, and Intel to secure resources for a national “AI Research Resource.” This effort aligns with prime minister’s vision to establish Britain as a leading force in the field of artificial intelligence. Though the project has been allocated £100 million, there are concerns that this funding might fall short of the government’s AI aspirations. Government officials are advocating for additional funding in the coming months to match the scale of this initiative. Graphics Processing Units (GPUs) are vital components in constructing AI systems like ChatGPT, with the latest version trained on as many as 25,000 Nvidia chips.

Arkham Intel Exchange has acknowledged two on-chain investigators with approximately 9,519 ARKM (valued at ~$5,000) for information on Do Kwon & Terra's wallet holdings. This new data suggests a potential inconsistency in Terra's previous declaration of possessing a single Luna Foundation Guard wallet.

The African Development Bank (AfDB) and Intel Corporation have initiated a joint program aimed at equipping Africans with artificial intelligence skills. The project is set to provide relevant knowledge to at least 3 million ordinary citizens and approximately 30,000 government officials.

Qualcomm, Google, Intel, and several other tech giants have established the UXL Foundation coalition to challenge Nvidia's AI market monopoly, which has propelled the company to a $2.2 trillion valuation.

The Biden administration has officially announced direct government investments into Intel, aimed at bolstering chip manufacturing in the United States. This initiative is set to reinstate America's dominance in the semiconductor industry and enhance its standing in the field of artificial intelligence, with the investment totaling up to $8.5 billion.

Arkham Intel Exchange has launched a new search, offering 100,000 ARKM to anyone who can provide crucial details about the culprit behind the last year’s exploit. The FTX hack occurred in November 2022, resulting in an approximate loss of $415 million in cryptocurrency.