15 AI News Updates Taking Wall Street By Storm

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11.  Intel Corporation (NASDAQ:INTC)

Market Capitalization: $107 Billion

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. Latest reports from media outlet Globes suggest that after a massive layoff in Oregon, the Israeli branch of the chipmaker has also started laying off employees. The company is the largest private employer in the Middle Eastern country. Per the reports, nearly 1,000 employees have so far left the chipmaker in this layoff drive. Intel is undergoing a massive restructuring as it aims to compete with other chip firms and rebrand as an AI-first chipmaker.

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