What's on Your Mind?

Remember a couple of years ago when Intel declared that the “age of the AI PC” had arrived? Back at CES 2024, the chip giant was saying that its Core Ultra processors would usher in a new era of personal computing, enabling all kinds of new on-device AI capabilities. As Michelle Johnston Holthaus, then the company’s CEO of products, said in a keynote presentation, AI is “fundamentally transforming, reshaping, and reimagining the PC experience.” Two years later, there’s been a vibe shift. While Intel is still talking about AI, it now believes its PC processors will play more of a supporting role for cloud-based AI tools. At the CES trade show earlier this month…

Yesterday was an eventful day for shareholders and employees of Intel Corp. The American chipmaker reported its Q1 2025 results while its new CEO, Lip-Bu Tan, confirmed earlier reports that Intel would be laying off employees. Here’s what you need to know about those layoffs and the latest movement in Intel’s stock price. New Intel CEO Lip-Bu Tan confirms job cuts The most devastating news to come out of Intel yesterday was that earlier reports were correct and the company would be laying off employees. On Wednesday, Bloomberg reported that Intel was preparing to lay off up to 20% of its current workforce. Given that Intel reported having 108,900 employees at t…

Intel Corporation (Nasdaq: INTC) has long played second fiddle to the more established giants in the AI race. For much of that race, the technology powering the hardware AI needs to run on has been GPUs, like the kind Nvidia excels in making. But as industry focus shifts towards how CPUs can accelerate AI tasks, Intel’s recent earnings report shows the company is starting to benefit significantly, sending its stock price surging today. Here’s what you need to know. What’s happened? Yesterday, Intel reported its first-quarter 2026 financial results for the period that ended on March 28. Those results were much better than analysts had been expecting. The most s…

Shares of Intel Corporation (NASDAQ:INTC) rose over 8% in early morning trading on Monday on news that incoming CEO Lip-Bu Tan has big plans to turn around the ailing chipmaker, including restructuring the company’s approach to AI, resurrecting its manufacturing operations, and eyeing cuts to what Tan views as a “slow-moving and bloated middle management layer,” according to a Reuters report. Tan said he’ll need to make “tough decisions” when he takes Intel’s helm on Tuesday, after the company posted $19 billion in annual losses in 2024. Tan’s appointment comes three months after the company ousted former CEO Pat Gelsinger, as it struggled after missing out on the gen…

Struggling chipmaker Intel has hired former board member and semiconductor industry veteran Lip-Bu Tan as the latest in a succession of CEOs to attempt to turn around a once-dominant company that helped define Silicon Valley. Tan, 65, will take over the daunting job next Tuesday, more than three months after Intel’s previous CEO, Pat Gelsinger, abruptly retired amid a deepening downturn that triggered massive layoffs and raised questions about the chipmaker’s ability to survive as an independent company. This won’t be Tan’s first time running a semiconductor company, nor his first association with Intel. He spent more than a decade as CEO of Cadence Design Systems, whic…

Intel‘s promised $28 billion chip fabrication plants in Ohio are facing further delays, with the first factory in New Albany expected to not be completed until 2030, local media outlet The Columbus Dispatch reported on Friday. The first factory will begin operations sometime shortly thereafter in either 2030 or 2031, the report said, citing the chipmaker. Shares of the company, which originally scheduled to begin chipmaking in Ohio factories in 2025, were up more than 5%. Intel has been cutting capital expenses after its expensive bid to become a contract chip manufacturer for other companies, in a move to restore its lost glory, strained its balance sheet. …

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. While softness—and even outright weakness—remains in parts of Florida’s housing market, the intensity of the downturn in Florida has eased somewhat in recent months. While the ResiClub team is huge fans of looking at year-over-year shifts in home prices—especially when using an index that helps account for mix shift—the truth is that year-over-year changes are also slightly lagging. One way to get ahead of year-over-year home price shifts is by looking at seasonally adjusted month-over-month home price shifts as measured by the Zillow Home Value …

Laura Youngson didn’t expect to focus so much on soccer cleats when she organized a group of women to climb Mount Kilimanjaro and play a high-altitude match. The point of the 2017 game was to highlight inequality in sports for women and girls. On that front, Youngson achieved her goal with the match becoming the subject of a documentary and landing the group in the Guinness Book of World Records. Still, something bothered Youngson as the match unfolded. Glancing at the athletes’ feet, she was struck that all the women were wearing men’s or boy’s soccer cleats instead of gear that was designed specifically for them. The realization led her to launch IDA Sports, which mak…

The Coca-Cola Co. just announced its newest limited-time soda, and it’s a combination of Sprite and tea that was initially floated by a team of interns six years ago. Sprite + Tea just hit shelves earlier across the U.S. and Canada, and is expected to remain on the market through October. The soda is available in both regular and zero-sugar varieties, and, according to a press release, it “blends the crisp, lemon-lime refreshment of Sprite with the classically refreshing flavor of tea.” The new product arrives just a month after Coca-Cola announced better-than-anticipated first-quarter 2025 financial results, logging a 2% year-over-year revenue decline but maintaining…

A new paid internship program, set to begin this summer, will allow select college students to work on the reconstruction of Baltimore’s Francis Scott Key Bridge, which collapsed last year. The program, which was announced Monday, is the result of a partnership between The Maryland Transportation Authority (MDTA) and the Maryland Higher Education Commission (MHEC). Interns will be hired as temporary state employees and get hands-on experience in areas like project management, environmental and construction management, as well as community outreach activities for the historic project. Both undergraduate and graduate students are eligible. “The goal of the internship …

Stargazers and scientists are getting a holiday present from the cosmos this week. 3I/ATLAS, an interstellar comet, will get “closest” to Earth on Friday, December 19, as part of its journey across the galaxy. Let’s break the facts of this natural phenomena down because it sounds like it could be the plot of an exciting science fiction thriller. What is an interstellar comet? Much like a Christmas tree, planets in our Solar System revolve around our star, the sun. It’s not the only planetary system out there. Our galaxy, the Milky Way, contains other systems, and if you zoom out even further, there are even more. The comet 3I/ATLAS is labeled in…

Alex Balazs has spent more than two decades inside Intuit, starting as an engineer working on early versions of QuickBooks Online, when moving financial workflows to the internet still felt experimental. Now, as CTO, he is helping lead a more radical shift: turning financial software into systems that can think and act on a user’s behalf. “This combines the speed and scale of AI with human judgment and accountability,” he tells Fast Company. For decades, financial software has functioned as a ledger, categorizing transactions and generating reports about what has already happened. That model is beginning to break. Advances in AI are pushing the category toward real-ti…

TurboTax has a new flagship—its first foray into physical retail—in SoHo. The warm, welcoming Japandi-styled space on the corner of Broadway and Grand is adorned with plants, plush sofas, and a 30-foot-long screen on a curved slatted oak wall that displays color fields. Up front, there’s a sensory dome with chromatherapy-inspired lights and a soothing soundscape piped into the area and in the back there’s a coffee bar. It reads more like the lobby of a wellness hotel than a tax store. The entire space, designed by Gensler, is meant to be an antidote to the negative sentiments associated with doing your taxes—the cocktail of fear, uncertainty, and doubt millions of Am…

I have spent my career watching companies make bold declarations about gender equality, only to see those promises fade when tested. Women are often spotlighted in recruitment campaigns but left behind in promotions, appointments, and development opportunities. Policies designed to level the playing field disappear without explanation, replaced with vague references to “merit,” “culture fit,” and the elusive “gravitas.” The 2025 U.N. International Women’s Day theme—For ALL women and girls: Rights. Equality. Empowerment—is urgent. However, progress in gender equity is not accelerating; it is stalling. In recent months, executive orders have gutted diversity program…

So many things went wrong last Jan. 29 to contribute to the deadliest plane crash on American soil since 2001 that the National Transportation Safety Board isn’t likely to identify a single cause of the collision between an airliner and an Army helicopter near Washington, D.C., that killed 67 people at its hearing Tuesday. Instead, their investigators will detail what they found that played a role in the crash, and the board will recommend changes to help prevent a similar tragedy. Last week, the Federal Aviation Administration already took the temporary restrictions it imposed after the crash and made them permanent to ensure planes and helicopters won’t share the sa…

Despite growing up with a financial planner for a father, the idea of investing intimidated me well into my adulthood. From my point of view, investing seemed like a mysterious process. Not only was this magical money-making exercise conducted in an arcane language (what exactly is a NASDAQ, and why does it sound like something you treat with a special cream?), but it also required my dad to keep the TV in his office tuned to the world’s most mind-numbing broadcast, even though cartoons were just a channel away. It’s no wonder I grew up thinking that investing was boring and impossible to understand. And investment ambivalence is pretty common. A recent NerdWallet fin…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Back in the housing frenzy of 2021, homeowners were bombarded with inquiries from eager investors looking to see if they were open to selling. The outreach came in all forms—text messages, postcards, phone calls—and often felt relentless. Redfin data shows that in Q4 2021, investors scooped up 94,715 U.S. homes, a 51% jump from the 62,581 homes they purchased in Q4 2019. But that investor-driven surge—powered by rock-bottom interest rates, pandemic stimulus, and the remote work boom—began to fade as the Federal Reserve pivoted to fighting inflati…

An American businessman whose firm invested in several European soccer clubs that struggled under its ownership has been indicted in New York on charges of financial wrongdoing in an alleged $500 million fraud scheme. Josh Wander was a co-founder of Miami-based 777 Partners that owned stakes in an Australian airline, plus soccer clubs Hertha Berlin in Germany, Genoa in Italy, Standard Liege in Belgium, and Vasco da Gama in Brazil. The 777 story became a cautionary tale in the global soccer trend of multi-club ownership — investors taking stakes in several clubs in different countries. European soccer body UEFA has identified the trend as a threat to the integrity …

Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week via email here. AI pioneer pulls in a cool billion to launch his “world model” AI company Yann LeCun, one of the pioneers of AI and Meta’s former chief AI scientist, has long argued that large language models alone will not produce AI systems that outperform humans at most tasks. LeCun says today’s transformer-based large language models are useful enough to be applied in valuable ways, but he also believes they are unlikely to achieve the general or human-level intelligence needed to perform many…

This week, Apple updated half of its iPad lineup. After updating the iPad Pro and iPad mini in 2024, the company has just unveiled a third-generation iPad Air and an eleventh-generation iPad. Many fans of Apple’s tablets have been eagerly awaiting these updates, especially since before this week, the company’s entry-level iPad had not had a refresh since October of 2022. But if you’ve been waiting until this week’s reveals, hoping for a clear picture of Apple’s iPad offerings in order to select the one best for your needs, well, I’ve got bad news: the iPad lineup remains as confusing as ever. Here’s why. Not all models support Apple Intelligence Apple make…