When the AI bubble collapses, apparently very soon, that won't involve Intel.
It resembles aspects of a ponzi scheme, particularly in the case of the lead company involved.
I came across this post the other day, at @an+1wfM2qta. It may very well turn out to be a good thing that we are lagging behind, reinforced by the fact that customers do not really like integrated AI.
AI isn’t much of a threat when nobody up the food chain can describe your job in complete sentences
Welcome to the @Ops upside down world... Where ever missed opportunity creates an even bigger opportunity to fail harder the next time.
@a8 AI is incinerating capital as fast as the govt can print it
but its ok, they can just print more, faster
AI may be oversold in the short term but it is not a passing fad. Trying to justify missing a huge industry shift is pathetic. Intel blew it once again. Get used to it.
Everything seems to be a fad to the mo--ns in charge, just like apps on cell phone. Jim Evers, former Ocotillo FM and now at the Ohio factory, once said, "who wants to use apps on a cell phone anyway?".
Google’s 2024 total capex spending was $51.4 billion, up 59% from last year
Also
estimates that next year Meta reach $53.4 billion in CapEx, up 38% from 2024's projected total
Good thing Intel is sitting this out.
What a great move!
Microsoft expects to spend $80 billion in fiscal 2025 on the construction of data centers that can handle artificial intelligence workloads
Let’s just wait for this fad to blow over…
Is this messaging coming from the Board?
It's the truth, when you are at book value, you really can't drop much further.
Reminds me of North Korea , a leader there was informed the economy was crashing, he replied that it was when you are 0, you can't possibly crash further.
So this is our strategy right now? :)
LMAO. Copium at an unbelievable level.
It's like saying, we are glad we still ride horses because that's how we will avoid car crashes.
Just how much stupid can this get is beyond measure.
When one bubble burst and more will form, can Intel catch the next bubble earlier and faster than the competitions?
A perspective on AI/FOMO: https://www.sequoiacap.com/article/ais-600b-question/
and
UCB's John Searle's view - https://www.cambridge.org/core/books/intentionality/04339DA8A542FAF094BAE449118162E6
in particular Ch. 5 on "The Background" is well worth reading
Intel is going to win once this smartphone fad passes.
Hope is not a strategy. -Andrew S Grove
What an incredibly low-effort and stupid post!