Source: Tencent Technology 1. Huang Renxun emphasized that generative AI is growing at an exponential rate and that businesses need to adapt and utilize this technology quickly, rather than standing by and falling behind the pace of technological development. 2. Huang Renxun believes that open and closed source AI models will coexist and that companies need to leverage their respective strengths to promote the development and application of AI technology. 3. Huang Renxun proposed that the development of AI needs to consider energy efficiency and sustainability, reducing energy consumption by optimizing the use of computing resources and promoting the inference and generation capabilities of AI models to achieve more eco-friendly intelligent solutions. 4. With the constant accumulation of data and the continuous advancement of intelligent technology, customer service will become a key area for companies to achieve intelligent transformation. 5. According to foreign media reports, at the 2024 Databricks Data + AI Summit held recently, 6. Founder and CEO Huang Renxun had a fascinating conversation with Ali Ghodsi, co-founder and CEO of Databricks. The dialogue between the two parties demonstrated the importance and development trends of artificial intelligence and data processing technology in modern enterprises, emphasizing the key role of technological innovation, data processing capabilities and energy efficiency in promoting enterprise transformation and industry development. 7. Huang Renxun looked to the future of data processing and generative AI in the conversation. He pointed out that the business data of each company is like an untapped gold mine, with tremendous value but extracting deep insight and intelligence from it has always been a daunting task. 8. Huang Renxun also talked about open source models like Llama and DBRX are driving corporate transformation into AI companies, activating a global AI movement and promoting technological development and corporate innovation. Through the collaboration between NVIDIA and Databricks, the two companies will work together to leverage their respective strengths in accelerating computing and generative AI, bringing unprecedented benefits to users. 9. The following is the transcript of the conversation: 10. Moderator: I am very excited to introduce our next guest, a man who needs no introduction, the one and only global rock star CEO - NVIDIA CEO Huang Renxun. Please come to the stage. Thank you very much for coming! I want to start with NVIDIA's remarkable performance, with a market capitalization of up to 3 trillion US dollars. Did you ever think five years ago that the world would evolve so rapidly and present such a remarkable picture today? 11. Huang Renxun: Absolutely! I expected that from the beginning. 12. Moderator: That's really amazing. Can you offer some advice to the CEOs in the audience on how to achieve their goals? 13. Huang Renxun: Whatever you decide to do, my advice is not to get involved in the development of graphics processors (GPUs). 14. Moderator: I will tell the team that we are not going to get involved in that field. We spent a lot of time today discussing the profound significance of data intelligence. Enterprises have vast amounts of proprietary data that are critical for building customized artificial intelligence models. The deep mining and application of this data are crucial to us. Have you also noticed this industry trend? Do you think we should increase our investment in this area? Have you collected any feedback and insights from the industry on this issue? 15. Huang Renxun: Every company is like a gold mine with abundant business data. If your company offers a series of services or products and customers are satisfied with them while giving valuable feedback, you have accumulated a large amount of data. These data may involve customer information, market trends, or supply chain management. Over the years, we have been collecting these data and have a huge amount of data, but until now, we have just started to extract valuable insights from them, and even higher-level intelligence. 16. Currently, we are passionate about this. We use these data in chip design, defect databases, creation of new products and services, and supply chain management. This is our first time using engineering processes based on data processing and detailed analysis, building learning models, then deploying these models, and connecting them to the Flywheel platform for data collection. 17. Our company is moving towards the world's largest companies in this way. This is, of course, due to the extensive use of artificial intelligence technology in our company, which has helped us achieve many remarkable achievements. I believe that every company is experiencing such changes, so I think we are in an extraordinary era. The starting point of this era is data, and the accumulation and effective use of data. 18. The harmonious coexistence of open source and closed source 19. Moderator: This is truly amazing and very much appreciated. At present, the debate about closed-source and open-source models is gradually heating up. Can open-source models catch up? Can they coexist? Will they eventually be dominated by a single closed-source giant? What is your view of the entire open-source ecosystem? What role does it play in the development of large language models? And how will it develop in the future?

News from December 3. $Intel (INTC.US)$ CEO Pat Gelsinger was forced to resign after three years in office, as the board of directors lost confidence in his plans to revitalize the semiconductor giant, further exacerbating the turmoil faced by intel.

According to informed sources, Gelsinger discussed with the board of directors last week the progress of intel regaining market share and narrowing the gap with.$NVIDIA (NVDA.US)$the parties' conflict reached a peak at that time. It is reported that Gelsinger faced the choice of retirement or being fired, and he ultimately chose to end his career at intel.

intel announced in a statement that during the board of directors' search for Gelsinger's successor, chief financial officer David Zinsner and executive vice president Michelle Johnston Holthaus will jointly serve as interim co-CEOs. Meanwhile, frank yeary, the independent chairman of intel's board of directors, will temporarily take on the role of executive chairman.

The 63-year-old Gelsinger was once seen as the savior of this chip giant. After taking office three years ago, he publicly expressed his love for intel and vowed to restore the company's leading position in the semiconductor industry. Gelsinger joined intel as a teenager but left the company in 2009 to become the CEO of VMware. Upon his return in 2021, he promised to re-establish intel's leading position in manufacturing, a position that has been taken over by$Taiwan Semiconductor (TSM.US)$The competitors.

Intel's investors are eager to see changes in the company, so they initially welcomed the CEO's departure. On Monday, the company's stock price rose by as much as 6% in the New York market, but then retreated during the trading session. By the close of the New York stock market, the stock had decreased by 0.5%, closing at $23.93 per share, with a cumulative decline of 52% so far this year.

Gelsinger is committed to driving intel beyond its traditional strengths in personal computer and server processors, expanding the business to produce chips for other companies (an unprecedented attempt for intel), and competing directly with taiwan semiconductor and Samsung Electronics. As an important part of the revival strategy, he formulated a massive plan to expand intel's factory network, including building a large integrated facility in Ohio, which also received federal funding from the CHIPS and Science Act.

Whoever succeeds Gelsinger will have to face a series of challenges that existed at the beginning of his tenure, including the repercussions of previous management's decision-making errors. In the $500 billion chip industry, the CEO position of intel was once regarded as one of the most coveted jobs, but it has now become exceedingly difficult. The new CEO must compete against stronger resource-rich competitors, quickly catch up in the field of ai computing, and prove to the outside world that intel can be innovative like in the past.

Finding the right candidate to take on this heavy responsibility is no easy task. Before Gelsinger took over from former CEO Bob Swan, there was speculation about several well-known executives potentially becoming candidates, including AMD CEO Lisa Su, who was recommended by Wall Street.

In addition, intel board member and former chief financial officer Stacy Smith was also a strong contender for the position; he currently serves as the executive chairman of Kioxia.

Analyst Hans Mosesmann from Rosenblatt Securities pointed out in a report that there is currently no clear list of candidates within intel. He emphasized, "In an increasingly intense innovation cycle, having a new external CEO take over intel will be a long-term task that is quite daunting."

Despite Gelsinger stating last month that he is "energetic and passionate," and claiming that he still has the support of the board of directors and is making progress, last week's meeting revealed the severe challenges he faces - a lack of products that can win the market. The board of directors believes this aspect has been seriously overlooked in the process of pushing intel to transform into a made-to-order chip manufacturer. According to insiders, Gelsinger was asked to stay to assist the new CEO, but he was not interested in this. This prompted him to decide to end his term over the weekend.

"Today's mood is undoubtedly complex, as this company has almost spanned my entire career," Gelsinger lamented in a statement. "The past year has been challenging for all of us, and we have made difficult yet necessary decisions to position intel in the current market dynamics."

One of the biggest challenges currently facing intel is the industry upheaval triggered by ai computing. Nvidia has dominated the datacenter field with its graphics chips, taking a large market share that originally belonged to intel. Once a competitor struggling to survive in intel's shadow, it is now among the highest market cap listed companies in the world. Meanwhile, intel's efforts to enter this market with new products have so far not gained sufficient momentum.

Intel's independent board chair, Yellin, stated in a statement, "We are well aware that there is still much work to be done at the company, and we are committed to regaining the confidence of investors. Our foremost task as a board of directors is to place the product team at the core of all our operations. This is what our customers expect of us, and it is the service we will provide for them."

Gelsinger's departure may lead to greater strategic shifts for intel. Chris Caso, an analyst at Wolf Research, noted, "This change opens the door for the implementation of a new strategy that we have long advocated. Although Gelsinger has successfully driven intel's process roadmap overall, we believe intel lacks the scale to pursue leading manufacturing technology on its own, given its absence in the ai field."

Intel's turmoil also reflects the setbacks faced by the Biden administration in rebuilding the domestic semiconductor industry. Gelsinger, as the soon-to-be-former CEO, was a major supporter of the Chips Act and committed to establishing large-scale new factories in the usa.

Ultimately, the Biden administration signed an agreement to provide intel with nearly $7.9 billion in federal grants, the largest direct subsidy in this project. Although this deal is smaller than previous proposals, it means that intel can begin to receive funding support after reaching negotiation benchmarks for its projects in four states in the usa.

However, this plan also faces challenges from the political level. The incoming president of the usa, Donald Trump, criticized the 2022 CHIPS and Science Act, which allocated $39 billion in grants, $75 billion in loans and loan guarantees, and a 25% tax credit aimed at revitalizing the usa's chip manufacturing industry. Trump called the plan "too terrible," and his republican colleagues threatened to amend or even repeal the act.

On August 1 of this year, intel released a disastrous earnings report, revealing unexpected losses and a bleak sales forecast, bringing the challenges it faces back into the public eye. At the same time, intel announced it would suspend dividends that had been paid continuously since 1992. To effectively control costs, intel stated it would lay off over 15% of its workforce, which currently stands at approximately 0.11 million people.

At this time, interim co-CEO Holthaus will also take on the new position of CEO of the company's product group, fully responsible for core businesses such as client computing, datacenter, ai, and network operation. Holthaus has nearly 30 years of career at intel and previously served as the general manager of client computing, covering personal computers.

Meanwhile, another interim co-CEO, Zinsner, joined intel in 2022 after moving from the largest storage chip manufacturer in the usa.$Micron Technology (MU.US)$He has accumulated extensive leadership experience in the financial sector. His experience in the challenging memory market is considered an asset in leading intel through its most difficult historical period.

Looking back over the past 30 years, intel has consistently surpassed competitors in new technologies and products thanks to ample cash flow, which has been the cornerstone of its success. However, today intel is burdened with over $50 billion in debt and must rely on external investment to achieve its future development plans.

Editor / jayden