15 AI News Investors Should Not Miss

7. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 75

Intel Corporation (NASDAQ:INTC) is an American multinational corporation and technology company that is engaged in the design, development, manufacture, marketing, and selling of computing and related products and services. It was once a very important chip company, but its failure to proactively prioritize GPUs that are more effective for AI has left it lagging behind in the industry. As of today, it is leveraging its established presence in data centers to support the growing demand for AI applications.

On October 24, Intel Corporation (NASDAQ:INTC) and Iterate.ai, an AI platform enabling enterprises to build production-ready AI applications and ready-to-use products for private AI requirements, announced that they have entered into a partnership to bring Generate, Iterate.ai’s secure AI Manager application, to Intel AI PCs. Generate employs RAG and multiple secure vector databases and runs LLMs locally on AI PCs using its advanced capabilities, enabling businesses with a personal AI assistant and instant go-to resource for business guidance and generative AI needs. The partnership will enable Intel to incorporate Generate into application bundles for use with its Intel Meteor Lake AI PCs and the upcoming Lunar Lake AI PCs.

“We are excited to collaborate with Iterate.ai to bring the AI capabilities offered by Generate to Intel AI PCs. This unleashes the productivity benefits of generative AI to Intel AI PC users with enhanced privacy and security as the applications run locally on the device. Users can confidently gain insights and efficiencies leveraging private documents to answer questions, generate content, instantly retrieve information and more.”

– Justin Christiansen, GM Software and Services Partners at Intel.