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Intel shares soar nearly 8% after multibillion-dollar chip deal with Amazon

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Intel shares soar nearly 8% after multibillion-dollar chip deal with Amazon

Shares of Intel Corp. soared as much as 8 per cent on Tuesday after a chip-making deal with Amazon’s cloud business was announced. At 1:08 pm EDT, Intel shares were at $21.62, up $0.70 or 3.37 per cent. On Monday, Intel shares had gained 6.4 per cent. The deal provides some respite to Intel’s investors … Read more

Just how rich are businesses getting in the AI gold rush?

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Just how rich are businesses getting in the AI gold rush?

The relentless stream of AI headlines makes it hard to get a sense of which businesses are real winners in the AI boom—and which will win in the longer run. To help answer this question The Economist has looked where value has accrued so far and how this tallies with the expected sales of products … Read more