Intel Reports Mixed Q4 2023 Results, Shares Tumble on Weak 2024 Outlook

January 26, 2024 – Intel today unveiled its financial results for the fourth quarter of 2023, revealing a mixed bag of outcomes. The tech giant reported revenues of 154.1billionforthequarter,surpassinganalystexpectationsof151.7 billion and marking a 10% year-over-year increase. Net income for the quarter stood at 27billion,asignificantturnaroundfromthenetlossof7 billion reported in the same period last year. Intel also boasted…

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California Governor Rejects AI Safety Bill SB 1047, Citing Innovation Hindrance

September 30, 2024 – California Governor Gavin Newsom has vetoed the controversial “Safe Innovation for Frontier Artificial Intelligence Model Act” (SB 1047), citing multiple factors that influenced his decision. These include the burden the bill would place on AI companies, California’s leading position in the field, and criticisms that the bill may be overly broad….

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