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EXCLUSIVE: Perplexity Is Quietly Building an AI-Powered Shopping Experience, Taking On Amazon

By Trishla Ostwal

SPECIAL EDITION Interview With Intel CEO Pat Gelsinger + Apple & Amazon...Signals of Regaining Momentum (Slightly)

   

UPDATE 

Intel Takes The Big Restructuring Hits As It Looks Ahead

November 1, 2024 Timothy Prickett Morgan

It is beginning to look like chip maker Intel hit the bottom in its products and foundry businesses in the second quarter of this year and that revenues are slowly – we won’t go so far as to say surely – improving. But now the restructuring charges and cost cutting is going to start to bite and the bottom line will look a little ugly for a while.

Then, Intel will run out of excuses, and hopefully in time for its 18A manufacturing process to catch a little fire among others designing chips for myriad purposes and for 18A processes to be brought to bear on Intel homegrown client and server products. In other words, 2025 should be a hell of a lot better than the misery that 2023 and 2024 was. . . .

We are a long way from the close to 50 percent operating margins that the old Intel Data Center Group used to rake in.

Still, as this chart shows using the new groups that Intel set up in 2022 to describe itself to Wall Street (and that we extended backwards into 2021), things have stopped getting worse, more or less, and that is something. This is the only reason we can think of that Intel’s stock should have gone up in aftermarket trading in the wake of the report to Wall Street.  . .

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Bloomber Opinion...This + That

Bloomberg Opinion

Why I’m Voting for Kamala Harris

When it comes to the candidates’ policy positions and personal integrity, there’s a clear choice.

By Michael R. Bloomberg

Sp

ooky Season Has Been Extended Through Election Day

By Jessica Karl, Columnist

China Could Regret Not Buying More Trump Insurance

By Minxin Pei, Columnist

Qilai Shen/Bloomberg

The US Is Squandering Its Hidden Advantage Over Xi Jinping

America’s soft power influence over China’s 1.4 billion people is being quickly eroded by the vitriol and suspicion seeded by Donald Trump eight years ago.

How Gen Z Ended Up in So Much Debt

An unfortunate confluence of financial hardships has young Americans playing from behind.

Gen Z Is Relying on Debt More Than Millennials Did at This Age

Israeli Air Strike Kills 93 In North Gaza Residential Block, U.S. Calls Incident "Horrifying". . .

Rescuers in Beit Lahiya retrieved bodies from rubble after Israeli military bombings flattened residential buildings, killing at least 93, including 25 children.

Amid grief, mourners gathered as officials reported dozens still missing.

The area, lacking medical facilities, faces a deepening humanitarian crisis amid ongoing conflict and escalating violence.