August 03, 2024 Intel
Intel has announced it will be cutting more than 15,000 jobs as part of a $10bn cost-saving plan after the company reported a net loss of $1.6 billion for Q2 2024. The company will also be cutting capex by 20 percent, and reducing non-variable cost of goods sold by roughly $1 billion in 2025....
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May 15, 2024 Intel
Intel has selected Bloom Energy to expand the solid oxide fuel cell technology by installing additional megawatts of its fuel-cell-based Energy Server deployment at its Silicon Valley data center. “Intel is leading the industry in extreme energy-efficient high-performance computing data centers...
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April 27, 2024 Intel
Intel has reported a net revenue loss of $400 million in the first quarter of 2024, with its Foundry business unit continuing to experience a significant downturn. CEO Pat Gelsinger said that the revenue decline for the Foundry unit was not unexpected and the company expected 2024 would see it...
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April 23, 2024 Intel
Oil and gas company ExxonMobil has teamed up with Intel to develop new liquid cooling technologies for data centers. The two firms say the partnership has been set up to “design, test, research, and co-develop energy-efficient cooling fluid solutions” for use with systems built on chipmaker...
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April 19, 2024 Intel
Intel revealed that it has completed the assembly of its High Numerical Aperture NA Extreme Ultraviolet (High NA EUV) lithography tool at the company’s R&D site in Hillsboro, Oregon. This tool will allow it to deliver new levels of precision and scalability in chip manufacturing, enabling the...
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January 06, 2024 Intel
In a January 4 announcement, Intel revealed that it has finally received a first-generation Twinscan EXE:5000 High-NA extreme ultraviolet (EUV) lithography scanner, which it ordered from ASML seven years ago. This scanner is set to be assembled by both companies in the next few months. The High...
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January 05, 2024 Intel
Intel has partnered with DigitalBridge as well as several other global investment firms in its efforts to launch a new independent enterprise AI company called Articul8. This new independent platform will offer its customers a full-stack, vertically-optimized solution that keeps customer data,...
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January 04, 2024 Intel
In a new announcement, Intel revealed the appointment of former HPE exec Justin Hotard as executive vice president and general manager of its Data Center and AI Group (DCAI), effective Feb. 1. In this new role, Hotard will be responsible for the company’s suite of data center products spanning...
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December 01, 2023 Intel
Intel's new Gaudi3 AI accelerator is set to have two-phase liquid cooling developed in partnership with Vertiv. The systems will have a pumped two-phase (P2P) cooling system designed to remove up to 160kW of heat, using water from 17°C up to 45°C (62.6°F to 113°F). An alternative for air-cooled...
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November 20, 2023 San Francisco Bay Area
OpenAI's co-founder and president, Greg Brockman, has quit the company after the board suddenly fired CEO Sam Altman last week. Brockman, who was initially made to step down as board chairman, has left the company. The board is yet to disclose the exact reason for firing Altman as the company...
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November 19, 2023 San Francisco Bay Area
OpenAI co-founder Sam Altman has been fired as CEO of the artificial intelligence startup as the board denounces confidence in his leadership. In a statement released by the company, the board noted that it “no longer has confidence in his ability to lead.” Mira Murati, OpenAI’s chief technology...
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August 11, 2023 Intel
A CtrlS Data Centers location in Bengaluru, India, has been leased by Intel India for use as a data center. Intel will be provided with 11,536 square feet of data center space under the terms of a three-year lease commencing on July 18. The lease, which CRE Matrix was able to access, states that...
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August 08, 2023 San Francisco Bay Area
Plans for an entertainment district development in San Jose, California, have been scrapped and replaced with data center plans, it has been announced. Back in 2018, developer Terra Ventures had initially pitched for development known as 'Shops @ Terra'; this would have been an entertainment...
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May 12, 2023 San Francisco Bay Area
This week, the San Jose City Council unanimously authorized plans for a sophisticated manufacturing complex and data centers in North San Jose. Denver-based STACK Infrastructure plans to destroy two industrial buildings on a nearly 10-acre parcel, including a former Olympus service center, and...
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May 10, 2023 Intel
The first quarter was a disaster for Intel, which posted its largest-ever loss, including in historically profitable divisions. The Data Center & AI division of the company experienced a 38.4% decline in revenue to $3.72 billion and its first-ever loss. Last year, the division earned $1.69...
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April 18, 2023 Intel
Intel has announced that it will be exiting the prebuilt server system business due to its low-margin profitability. The Data Center Solutions Group (DSG) will be sold to MiTAC, an edge-to-cloud IT solutions provider and a long-standing ODM partner of DSG. MiTAC will have the right to manufacture...
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April 18, 2023 San Francisco Bay Area
Silicon Valley is experiencing a surge in the construction of data centers, according to a report by real estate services firm Cushman & Wakefield. At the end of last year, 17 new data centers were either under construction or in development, with a total planned area of 4.7 million square...
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April 17, 2023 Intel
Raja Koduri, the former chief architect of Intel Corp, is negotiating a contract with Hiranandani-backed data center company Yotta for his generative artificial intelligence venture, which he says will have a significant presence in India. Koduri stated that his unnamed company would partner with...
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April 06, 2023 San Francisco Bay Area
With the construction of its dark fiber network, Bandwidth Infrastructure Group (Bandwidth IG) is enhancing connection options for the San Francisco Bay Area's densely populated area of data centers. Critical fiber infrastructure is now available from Santa Clara in the San Francisco Bay Area to...
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September 05, 2022 San Francisco Bay Area
JLL and CIM Group have listed a new purpose-built data center for lease. The data center is located at 400 Paul Avenue in San Francisco, California. The data center offers 24MW of power across 182,250 square feet of two-story powered shell building on 7.3 acres. Per additional information in the...
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