10 AI News That Broke the Internet

6. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 68

Intel Corporation’s (NASDAQ:INTC) AI-driven technologies enhance performance, automation, and data integrity for global digital transformation.

According to Bloomberg, Intel (NASDAQ:INTC) has shortlisted several buyout firms for the next round of bidding for its Altera unit, with private equity firms such as Francisco Partners, Silver Lake Management, and Lattice Semiconductor competing alongside Apollo Global Management and Bain Capital. Intel is seeking offers by the end of January, with potential deals ranging from partial to full control of Altera, valued between $9 billion and $12 billion. Despite Lattice’s smaller market value, it could partner with a financial firm to increase its chances. This move is part of Intel’s ongoing efforts to advance plans initiated by former CEO Pat Gelsinger, even amid criticism of the company’s progress on other projects.

Intel Corporation (NASDAQ:INTC) launched Altera as a standalone Field-Programmable Gate Array (FPGA) company in February this year. The company aims to lead a $55 billion market opportunity with a focus on AI-integrated FPGAs. The company is leveraging AI technologies, including FPGA AI Suite and OpenVINO, to provide optimized solutions for AI inferencing.