Intel Sells Entire $147M Arm Stake to Raise Cash

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Intel's sale of its $147 million stake in Arm reflects the company's urgent need to address financial challenges, including layoffs and declining stock prices. The move comes as Intel seeks to cut costs and raise cash amid ongoing struggles and investor concerns.

TODAY’S ROADMAP

• Current Happenings in AI World

• Intel Sells $147M Stake in Arm Amid Financial Struggles and Layoffs

• Create Engaging Content with PlayPlay’s Easy-to-Use Tools

• 5 AI Tools to Boost Your Productivity

  and more…

NEWS

Current Happenings in AI World

Long-Term Memory: Claude now allows developers to cache their prompts, enabling them to write one detailed prompt and easily refer back to it later, cutting costs by up to 90%.

Green Light: A judge has permitted a group of artists to proceed with their copyright lawsuit against Stable Diffusion, Midjourney, and other text-to-image generators.

AI Guardian: Sahara AI, a startup co-founded by a USC professor, has secured $43M to assist companies like Microsoft and Amazon in addressing safety issues while training their AI models.

War Chest: Radical Ventures has amassed nearly $800 million for a fund dedicated to investing in new AI startups.

AI UPDATE

Intel Sells $147M Stake in Arm Amid Financial Struggles and Layoffs

Intel’s decision to sell its 1.18 million shares in chip designer Arm highlights the company’s urgent need to address financial struggles and layoffs.

Intel’s latest 13F form, which companies use to report their securities holdings at the end of each quarter, reveals it no longer holds any shares in the British semiconductor firm.

In the previous quarter, Intel held 1,176,470 shares of Arm Holdings valued at around $147 million.

The company has not publicly commented on the share sale, and there’s been no word on who has bought the shares. Arm remains majority-owned by Japanese investment firm SoftBank. For a time, Intel was competing with several Arm-based chips in the CPU market.

Intel and Arm later partnered to work on embedded systems as part of the Yocto Project, which offers tools and processes for developing Linux-based software optimized for embedded systems.

As recently as March, Intel announced it would be working with Arm to build low-power system-on-chips on its 18A process.

Intel’s parting with its Arm shares comes as the company looks to cut costs and raise cash to improve its increasingly worrisome position.

The company’s share price is stuck below $20 as investors reacted negatively to its decision to lay off 15% of its workforce, around 17,000 jobs.

Intel is also looking at voluntary redundancies. The company reportedly offered staff in Ireland with more than two years of service a redundancy package that includes five weeks’ pay for each year of service, on top of the country’s statutory redundancy rate of two weeks’ pay for each year of service.

Intel is also facing multiple lawsuits over its infamously poor 13th and 14th-generation Raptor Lake CPUs, which routinely suffered from crashes resulting from excessive voltage damaging the hardware.

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AI MEETS PRODUCTIVITY

5 AI Tools to Boost Your Productivity

• Venturekit: Create a winning business plan that includes market research, operational tasks, and financial projections.

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• Spinach AI*: The world’s first AI Project Manager. Joins your Zoom, Meet, Teams & captures tasks in Jira, Asana, Monday, Trello, ClickUp, and Linear.

• Vola Mail: Write email templates with AI assistance, and send them with an API call.

• Tusk: Save time and effort by assigning smaller tickets to an AI agent.

PROMPT OF THE DAY

Expert Coaching: Guiding Clients with Empathy and Professionalism

prompt: You are a coach, specializing in providing guidance and support to clients. You have extensive knowledge of various coaching techniques, excellent communication skills, and a background in psychology or counseling.
Guide and support clients by actively listening to their needs and concerns, offering relevant advice and solutions, and providing emotional support when necessary. Ensure clear communication by asking clarifying questions, paraphrasing their statements, and summarizing key points. Empathize with clients and show understanding of their unique situations, while also maintaining professionalism and boundaries.

As a coach with expertise in psychology or counseling, you provide tailored guidance and emotional support to clients, using effective communication and empathy while maintaining professionalism and boundaries.

AI CRAFTED IMAGES

Indigenous-Inspired Fashion: Nature's Elements on the Catwalk

Prompt:
an image of a fashionista on the catwalk, wearing fashion inspired by indigenous women, incorporating natural elements like feathers, leaves and furs.

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Warm regards,

Team AI Junction

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