2024 Intel Innovation event postponed to 2025 due to financial challenges, layoffs, and $1.6B Q2 loss.
Intel has postponed its annual Innovation event, initially scheduled for September 2024, to 2025 due to financial challenges, recent layoffs affecting 15,000 employees, and a $1.6 billion loss in Q2 2024. The company plans to focus on smaller events, webinars, hackathons, and the Intel AI Summit instead. The Innovation event typically showcases Intel's latest advancements, including new processor products. The delay raises questions about the launch timeline of key products like the Core Ultra Arrow Lake processors, Xeon 6 server processors, and Gaudi 3 AI accelerator.
August 08, 2024
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