AMD shares fell nearly 3% to $204.53 on Thursday despite CES product launches. The decline was driven by profit-taking after a 77% rally, stronger Intel competition, broader semiconductor weakness, and heightened expectations around AI chip growth.
President Trump named 13 tech leaders including Marc Andreessen (a16z) and Fred Ehrsam (Coinbase) to the PCAST council, tasked with AI and quantum leadership. The move hints at favorable crypto policies while showing differential treatment of AI firms like Anthropic and OpenAI.
Trump has appointed 13 US tech leaders, including executives from Meta, Nvidia, Andreessen Horowitz, and Coinbase, to the President’s Council of Advisors on Science and Technology, signaling a stronger push for US leadership in AI and other emerging technologies.
President Trump appointed 13 tech leaders to the PCAST, including Marc Andreessen (a16z), Fred Ehrsam (Coinbase), Jensen Huang (Nvidia), and Mark Zuckerberg (Meta). The move signals pro-crypto and AI governance alignment, while contrasting treatment of Anthropic and OpenAI reveals a clear reward-penalty strategy.
President Trump named 13 tech leaders including Coinbase co-founder Fred Ehrsam to the President's Council of Advisors on Science and Technology (PCAST), aiming to lead in AI and quantum computing. Meanwhile, policy divergence emerges: Anthropic banned from federal use, OpenAI secures Pentagon deal. The move may impact crypto-AI crossover projects.
In his first podcast interview as Intel CEO, Lip-Bu Tan laid out a broad restructuring plan for the company, spanning balance-sheet repair, product focus, foundry execution, EMIB advanced packaging, glass substrates, GaN, SiC, InP and synthetic diamond wafers. Tan said Intel has generated roughly a sixfold return for shareholders over the past 14 months and set a personal target of a 10x return over five to ten years.
In his first extended podcast interview as Intel CEO, Lip-Bu Tan described a multi-year plan to rebuild Intel around a stronger balance sheet, sharper products, foundry discipline, EMIB advanced packaging, glass substrates and new semiconductor materials. He also discussed the Terafab collaboration with Elon Musk, rising CPU demand from agentic AI and inference, and his goal of pursuing a 10x return over five to ten years.
In his first detailed podcast interview as Intel CEO, Lip-Bu Tan said his goal is to deliver a tenfold return over five to ten years. He described a roadmap centered on XPU, foundry services, EMIB advanced packaging, glass substrates, GaN, SiC, InP and synthetic diamond, while stressing yield, defect density and cycle time as the core metrics for Intel Foundry.
