Under Pat, Intel overestimated the covid boom, which nearly put them into bankruptcy. They hired many more employees while their revenue tanked. He went on an IFS spending spree while he lacked execution on actually winning external customers. He didn't stop dividends until 2024 which tells me he lacked awareness of where Intel was as late as 2024.

LBT was hired because he could actually see Intel as what it is today, instead of the Intel dominance that Pat thought he was still operating in.

https://www.macrotrends.net/stocks/charts/INTC/intel/revenue

When LBT took over, Intel was on a path to bankruptcy. Although Pat wasn't solely responsible, he was financially reckless and failed to win any major customers for Intel's new IFS strategy.

Intel over the last 15 years missed the following booms:

* Mobile boom

* Missed on chiplets and allowed AMD to take the lead

* Missed on EUV transition

* Crypto mining boom

* AI chips boom (A huge reason was Pat Gelsinger backed Larrabee, an x86 GPU, and failed to compete against Nvidia)

* Missed storage boom by selling SSD/3D NAND division

* Missing local LLM boom by not having an Apple Silicon, Strix Halo competitor

* Now they're missing the fab boom by cancelling fabs a few years ago

Basically, if they reversed all their decisions in the last 15 years and invested wisely, they'd likely be worth 10x more today.

  Sadly nothing about why Pat was forced out of Intel.

* Intel in 2019 had $72 billion in revenue and 110k employees. When he was fired in 2024, Intel had $54 billion in revenue and 124k employees. He also didn't cut dividend until 2024. He nearly put Intel into the grave in 3 years.

* Under Pat, Intel's roadmap was a mess. When you look at AMD's roadmap, it made a ton of sense, predictable, and there are rarely any delays or cancellations. When you looked at an Intel roadmap, expect 30% of them cancelled, 50% delayed by 1-2 quarters, and 30% switched to a different node tech.

* IFS strategy under Pat amounted to nothing. Fab cancellations or on hold. Cancelling 20A altogether. Not being able to woo any notable customers. Not hiring the right people for external customers. There were reports that he didn't know how to run an external fab, which is why the board decided to hire Lip Bu Tan who came from Cadence.

* He missed on AI boom, crypto boom, said AMD was in rear view mirror, politicized TSMC in order to win government grants while still still using TSMC nodes themself.

  How could your "business" ever make money if any idiot with a $20 CC subscription can recreate it in a weekend? And no, "I can prompt better than them" is not a differentiator.

I don't mean wrappers around Claude or OpenAI APIs.

Even in our own organization, we've almost stopped hiring juniors and interns completely. We just leverage AI more and more.

So I can understand how most Gen Zs feel threatened by AI.

There are basically 2 groups who are loving AI:

* Seniors who have deep knowledge so AI is just there to help make them accomplish their goals cheaper and faster

* Gen Zs who are starting their own businesses and have embraced AI

My advice to young people is to embrace AI as fully as you can. Learn to be extremely productive with it. Learn to use it to create businesses. Burying your head in the sand hoping AI will collapse is not going to work in their favor.

PS. You can get a pretty good idea of how young people view AI on Reddit. Reddit users tend to be younger, less affluent. Save for a few subs, most of Reddit is very anti-AI. I'd guess most of them wish AI will collapse soon so they can go back to a world where human intelligence matter more.

  The markets are thinking on an extremely short time horizon. After AI takes all the jobs, what exactly happens? How many of those jobs no longer exist now that AI took all the jobs that paid the people to buy the stuff that those jobs produced? Truck drivers? Why drive a truck to Topeka full of stuff if nobody in Topeka has jobs to buy it? We live in a society and we work for each other. This is like your body consuming its muscle to stay alive, and pretty soon after that, you die.

If AI never gets there, then I don't think we will see mass unemployment. I think people will leverage AI to build businesses that couldn't have been possible before. All of them will still need people.

I've said many times here but I think this is what will happen:

Before: 1,000 companies employing 100 people each

Now or soon: 10,00 companies employing 10 people each

They basically deny everything positive AI brings. If AI cures cancer, they'll say but AI hasn't cured aging yet so it's still useless. If AI solves a math conjecture, they'll say but AI hallucinated that one time so we can't use it. The goal post keeps moving. It's the opposite of r/accelerate.

When I read the sub, I can't help but get a cult-following feeling. They'll twist facts and bend them to their beliefs. It's not much different than people who seriously think the Earth is flat in my opinion.

You have to give companies and entities the new model to defend against itself. In the future, or even now, it's AI model defending against another AI model.

OpenAI is accusing Elon and Zuckerberg for trying to slander him in public and generate bad PR.

I kind of believe that Zuckerberg would do this. He did it with Tiktok 4 years ago. There was a huge anti-Tiktok lobby in the government as well.

https://www.theguardian.com/technology/2022/mar/30/facebook-...

This is because it's very easy to ask an AI to write a script to maximize tokens from your flat rate plan.

Imagine if an AI can infiltrate your SaaS database and delete your entire database and every single backup. The business is dead immediately.

They actually beat Apple A series to become the first phone to use the TSMC N7 node.

  Maxson, 48, will receive an annual base salary of $950,000 and will be eligible for a performance-based bonus with a target of $2.5 million, Oracle said in a regulatory filing.