Enterprise

Intel’s chief commercial officer and sales lead, Christoph Schell, resigns

Christoph Schell, Intel’s EVP and chief commercial officer, is leaving the company after two years in the role, according to a filing with the SEC. Schell notified Intel of his decision to leave on Monday, and will resign on June 30 “in order to pursue another career opportunity,” per the filing. It isn’t clear who will replace […]

Intel’s chief commercial officer and sales lead, Christoph Schell, resigns Read More »

Here’s how to watch LlamaCon, Meta’s first AI developer event

On Tuesday, Meta is hosting LlamaCon, its first-ever AI developer event. It’ll center around the company’s Llama family of open AI models, and we’re expecting some big updates for developers. Also on the agenda: keynotes from Meta executives and fireside chats with Big Tech CEOs and Meta’s chief, Mark Zuckerberg. Meta is hosting a small

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Intel reverses course, opts not to spin out Intel Capital

Semiconductor giant Intel won’t spin out its venture arm, Intel Capital, after all. During Intel’s Q1 earnings call Thursday, Intel CEO Lip-Bu Tan said the company has reversed its decision to spin out its 34-year-old venture arm. Instead, Intel Capital will remain internal and continue to invest with Intel’s interests in mind. “We have made

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OpenAI launches Flex processing for cheaper, slower AI tasks

In a bid to more aggressively compete with rival AI companies like Google, OpenAI is launching Flex processing, an API option that provides lower AI model usage prices in exchange for slower response times and “occasional resource unavailability.” Flex processing, which is available in beta for OpenAI’s recently released o3 and o4-mini reasoning models, is

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Hammerspace, an unstructured data wrangler used by Nvidia, Meta and Tesla, raises $100M at $500M+ valuation

Artificial intelligence services at their heart are massive data plays: you need data — a lot of it — to build the models, and then the models need efficient ways to ingest and output data to work.  A company called Hammerspace has built a system to help AI and other organisations tap into data troves

Hammerspace, an unstructured data wrangler used by Nvidia, Meta and Tesla, raises $100M at $500M+ valuation Read More »

Hammerspace, an unstructured data wrangler used by Meta, raises $100M at $500M+ valuation

Artificial intelligence services at their heart are massive data plays: You need data — a lot of it — to build the models, and then the models need efficient ways to ingest and output data to work.  A company called Hammerspace has built a system to help AI and other organizations tap into data troves

Hammerspace, an unstructured data wrangler used by Meta, raises $100M at $500M+ valuation Read More »