Pat Gelsinger Retires From Intel - The Gestalt IT Rundown
Gestalt IT, Wednesday, December 4th, 2024
The biggest news of the holiday weekend dropped on Monday. Pat Gelsinger has retired from Intel, effective immediately. David Zinsner, CFO, and Michelle Johnston Holthaus, newly named CEO of the Intel Product subunit, have been named as Co-CEOs while the board searches for a permanent member.
Gelsinger has been the CEO since 2021. He has been focused on returning Intel to dominance in the chip market while also facing headwinds from industry transitions to mobile and AI computing. Intel stock prices rose on the news. This and more on The Gestalt IT Rundown.
1:14 - AWS Announces Nova AI Models
Amazon kicked off re:Invent with a bang, introducing a range of new AI models under the Nova brand. These next-generation models, available on Amazon Bedrock, offer capabilities like text, image, and video processing using generative AI algorithms.