Apollo Global Management, Inc. is an American asset management firm founded in 1990 and headquartered in New York City. It provides investment management services like private equity, credit, real assets, etc. As of 2022, the company had $548 billion USD of assets under management. According to reports, Apollo has announced plans to invest $5 billion…
Intel To Layoff 15,000 Employees
Intel, the multinational technology company, has announced plans to lay off 15,000 employees, which amounts to 15% of its workforce, as part of a global restructuring aimed at cutting costs. According to reports, the layoffs are expected to be completed by the end of 2024 and will reduce spending by $10 billion USD in 2025….
Intel To Halt $25 Billion Chip Factory In Israel
Intel, the multinational technology company that specializes in semiconductor and chip manufacturing, announced that it is halting plans for a $25 billion USD chip factory in Israel. The report mentions that the factory was intended to produce advanced chips for Intel’s next-generation processors as well as increase employment opportunities. Intel said managing large-scale projects often…
Linux Foundation Welcomes Open Platform for Enterprise AI
The Linux Foundation AI & Data announced the Open Platform for Enterprise AI (OPEA) as its latest Sandbox Project, alongside Intel, Cloudera, Domino, VMware, etc., to foster the development of open, multi-provider, and composable generative AI systems. This will accelerate secure, cost-effective generative AI deployments for businesses by driving interoperability across a diverse ecosystem, starting…
Intel: $8.5 Billion Semiconductor Investment
The CHIPS and Science Act is a U.S. federal statute enacted by the 117th United States Congress and signed into law in 2022. The act provides around $53 billion in funding to support the growth of domestic research and manufacturing of semiconductors in the United States. According to recent reports, the division will make an…
Intel & DigitalBridge Launch Articul8 AI
Intel, the multinational technology company that specializes in semiconductors, and microprocessors etc., has partnered with DigitalBridge to launch an enterprise grade artificial intelligent software platform, Articul8 AI. DigitalBridge Group Inc. is a digital investment company that was founded in 1991, with its headquarters in Florida, USA. The investment company owns and operates businesses that include…