Latest news with #Gelsinger
Business Insider
16-07-2025
- Business
- Business Insider
Ex-Intel CEO backs Trump's sovereign wealth fund plan — and says it can help the US keep up with China in the tech race
The US is falling behind in the global tech race, and former Intel CEO Pat Gelsinger said a sovereign wealth fund could be the country's best shot at catching up. In a Wall Street Journal op-ed published Tuesday, Gelsinger endorsed President Donald Trump's proposal to create a US sovereign wealth fund, calling it "the country's best tool" to secure American leadership in critical technologies like semiconductors, artificial intelligence, and quantum computing. "Washington's haphazard approach to fueling national competitiveness and strategic industries isn't cutting it," he wrote. "Trump's proposed sovereign wealth fund could secure American leadership." Gelsinger, now a general partner at Playground Global, argued that while American companies are making "significant breakthroughs," scaling those technologies needs "patient, long-term capital typically unavailable from Wall Street or traditional venture funds." A sovereign wealth fund, he said, could support "early-stage quantum companies, help national laboratories commercialize technologies, and ensure US breakthroughs remain domestically controlled." In February, Trump signed an executive order directing the Treasury and Commerce departments to develop a sovereign wealth fund plan to promote "fiscal sustainability," reduce the tax burden, and "promote United States economic and strategic leadership internationally." The agencies had until May to deliver recommendations on structure, governance, funding, and investment strategy. Other nations, including Norway, Singapore, and the UAE, have used sovereign funds to fuel their strategic ambitions and increase global influence. Gelsinger framed a US version of the fund as a strategic response to China's vast state-backed tech investment. "American firms have to grapple with difficult market distortions thanks to Chinese state investment," he wrote, pointing to Beijing's National Venture Capital Guidance Fund, which he said channels "tens of billions of dollars of central, provincial, and private capital into key technologies." He rebutted concerns that such a fund amounts to industrial policy, writing: "This isn't an attempt to surmount market forces. It's about the innovative startups already accessing global sovereign-wealth funds like China's, which may not be aligned with American interests." Not so simple, experts say Nicolai Tangen, CEO of Norway's $1.7 trillion fund — the largest in the world — said that what works in Oslo may not translate easily to Washington. "You need to allocate capital to it, right?" he told Yahoo Finance's "Opening Bid Unfiltered" earlier this month. "What has worked for us in Norway is to have a very long-term view on what we do. It has broad political anchoring." Tangen said that the fund's stability comes from strict rules and transparency. "We are the most transparent fund in the world," he said, adding that "when you have a change in parliament or in government, you do not change the way we invest." Critics have also said that, unlike Norway, the US doesn't run a budget surplus — it runs multi-trillion-dollar deficits. While Trump's executive order references $5.7 trillion in federal assets, monetizing those assets would require political consensus and complex legal maneuvering. Still, Gelsinger believes the stakes are too high to delay. "America needs this fund now more than ever," he wrote. The White House didn't immediately respond to a request for comment from Business Insider.
Time of India
11-07-2025
- Business
- Time of India
Intel's fired CEO Pat Gelsinger reveals 'next chapter', says: Trying to ensure AI models support ...
Intel's fired CEO Pat Gelsinger is set for a new chapter in his professional journey. Gelsinger has announced a new venture aimed at ensuring artificial intelligence serves the betterment of humanity. Gelsinger, in collaboration with "faith tech" company Gloo, unveiled Flourishing AI (FAI), a benchmark designed to assess how effectively AI models align with core human values. He said that the aim of the benchmark is trying to ensure AI models support a flourishing humanity. Gelsinger, who made an initial investment in Gloo approximately a decade ago, is spearheading this initiative to address growing concerns about AI's impact on human well-being. The FAI benchmark draws its foundation from The Global Flourishing Study, a comprehensive survey led by Harvard and Baylor University that measures human flourishing worldwide. Gloo has adapted six key categories from the Global Flourishing Study to evaluate large language models (LLMs): Character and Virtue, Close Social Relationships, Happiness and Life Satisfaction, Meaning and Purpose, Mental and Physical Health, and Financial and Material Stability. In a significant addition, Gloo has incorporated a seventh category: Faith and Spirituality, reflecting a holistic view of human well-being. In an interview with The New Stack, Gelsinger stated, "I've lived at the intersection of faith tech my entire life," highlighting his long-standing personal commitment to the principles underpinning the FAI initiative. This new endeavor marks a significant step for Gelsinger as he transitions from leading a semiconductor giant to championing ethical AI development. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
24-06-2025
- Business
- Yahoo
Intel Says Its 18A Node is 25% Faster Than Intel 3
Intel has great things to say about its upcoming 18A node, but it's using some tough-to-verify comparisons. Intel made its claims at the 2025 Symposium on VLSI Technology in Japan, according to PC Gamer. The chipmaker compared its 18A node with the Intel 3 node, which didn't lead to chips in laptops. So, for now, the performance improvement numbers are just mildly interesting, rather than data with which to make any decisions. The company's more interesting claims boil down to this: a chip based on the 18A process can be up to 25% faster. If you stick to the same speed as Intel 3, 18A is 36% more efficient. That sounds intriguing, but the comparison that potential customers will make is not between 18A and Intel 3; it will be between Intel's 18A and TSMC's N2, which is the 2-nm class node. Intel's chief rival in the processor space, AMD, already has TSMC producing its next generation of Epyc data center CPUs on the N2 node. In any event, we'll have answers with the arrival of Intel's upcoming Panther Lake laptop CPUs. Samples of the system-on-a-chip (SoC) made an appearance at Computex this summer, proving that the vaunted 18A node is about ready for production. Intel estimates that it will start production of the chips sometime this year. As for when we'll see laptops with Panther Lake chips in them? That's looking more like early 2026, says Intel. Credit: Intel Intel's 18A node is nearing completion at a crucial time for the company. It is the final node in former CEO Pat Gelsinger's five-nodes-in-four-years plan, which was meant to revitalize Intel's fortunes. Gelsinger hoped to develop Intel's manufacturing capabilities into a successful foundry business, but the journey was slow and saw setbacks. When Intel spun its manufacturing into a foundry business in the spring of 2024, the company revealed that the foundry business was losing billions every year. And profitability wasn't expected until 2030. The company kicked off its ambitious plan with the Intel 7, which was followed by the 4 and then the 3 node. At that point, Intel changed its naming convention with the 20A node. The 20A node ended up being scrapped, however, and Intel turned its attention entirely to making 18A, which is the process that will be used to make Panther Lake chips, a success. At this point, 18A has reached risk production and appears well on its way to crossing the finish line. Gelsinger, meanwhile, is no longer with Intel, which has a new leader in CEO Lip-Bu Tan.
Yahoo
28-04-2025
- Business
- Yahoo
Former Intel CEO Says Nvidia's Focus and Moats Power Its AI Chip Lead
Former Intel (INTC, Financials) CEO Pat Gelsinger said Nvidia (NVDA, Financials) secured its leadership in artificial intelligence chips by executing well and building strong competitive defenses. Warning! GuruFocus has detected 7 Warning Signs with INTC. In an interview with Yahoo Finance's Opening Bid, Gelsinger credited Nvidia CEO Jensen Huang with keeping the company ahead of rivals by pushing teams to stay at the cutting edge. He said Nvidia's advantage comes from a combination of strong execution and "meaningful moats" that protect its position in the fast-growing AI market. Nvidia's technologies like NVLink, which links GPUs within servers, and CUDA, a platform that speeds up computing workloads, were cited by Gelsinger as key examples of those moats. He noted that investment from large corporations and a surge of AI startups particularly in the Bay Area have accelerated demand for AI chips. "I can't throw a rock right without hitting a new AI startup in the Bay Area," Gelsinger said. While Nvidia has gained momentum, Intel has struggled. Once a dominant force in Silicon Valley, Intel missed major industry shifts such as the rise of mobile and AI. The company's stock fell nearly 50% in 2024, prompting layoffs and buyouts during Gelsinger's tenure. Intel's new CEO, Lip-Bu Tan, who took over in March, acknowledged the company had been "too slow to adapt" and pledged to rebuild trust with customers. Intel's stock has dropped another 22% over the past month. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
25-04-2025
- Business
- Yahoo
Nvidia CEO Jensen Huang Earns Praise From Former Intel CEO Pat Gelsinger: 'Run Hard To Stay In The Front'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Pat Gelsinger, the former CEO of Intel Corp. (NASDAQ:INTC), expressed admiration for Nvidia Corp. (NASDAQ:NVDA) and its superior performance in the artificial intelligence chip market. What Happened: Gelsinger praised Nvidia's ability in an interview with Yahoo Finance to outperform competitors, attributing its success to two main factors: execution and a competitive advantage in AI products. Gelsinger, who resigned as Intel's CEO in December, praised Nvidia Co-Founder and CEO Jensen Huang for his leadership. He stated, 'They are executing well. At the end of the day, Jensen is on it — driving his teams to stay in the front end.' Don't Miss: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share! Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. He also acknowledged Nvidia's ability to 'run hard to stay in the front' in the silicon AI accelerator market, a sector experiencing significant growth due to increased spending from large companies and the emergence of AI startups. Why It Matters: According to Gelsinger, Nvidia's second strength lies in building 'meaningful moats,' or sustainable advantages that shield the company from competition. He cited Nvidia's NVLink and CUDA technologies as examples of these competitive moats. Gelsinger's remarks coincide with Intel's struggles, which include a 45% decline in the company's share price in the previous year. In his first public appearance as CEO, Lip-Bu Tan, Intel's new CEO, recently admitted the company's flaws. Intel outperforms rivals Nvidia and Advanced Micro Devices Inc. (NASDAQ:AMD) on valuation metrics, but Huang-led Nvidia excels in momentum and growth, according to Benzinga Edge Stock Rankings. Sign up to learn more. Read Next: It's no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here's how everyday investors are getting started. Arrived Home's Private Credit Fund's has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Send To MSN: Send to MSN This article Nvidia CEO Jensen Huang Earns Praise From Former Intel CEO Pat Gelsinger: 'Run Hard To Stay In The Front' originally appeared on
