Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
- Intel (INTC) CEO Lip-Bu Tan said the current shortage of memory chips in the tech sector could last for at least two years.
“There’s no relief as far as I know,” Tan said during the Cisco (CSCO) AI Summit in San Francisco on Tuesday, according to Bloomberg. Tan added that he’d been told by two key players in the memory chip space that “there’s no relief until 2028.”
- Tan also said Intel (INTC) plans to expand its presence in the GPU space, which is currently dominated by Nvidia (NVDA).
“I just hired the chief GPU architect, and he’s very good. I’m very delighted he joined me,” Tan told Reuters at the Cisco conference.
Tan told Reuters that Intel plans to target data centers. He added that Eric Demmers, who recently left as head of Qualcomm’s (QCOM) GPU team to join Intel, will report to Intel’s data center chip head, Kevork Kechichian.
- OpenAI (OPENAI) CEO Sam Altman said his company is considering subsidizing or making investments in companies that use its AI technology for drug or therapy discovery, perhaps in exchange for royalties on products.
“This is not something we’re doing now, but I think the frontier of scientific discovery with AI will require so much capital that maybe we think of ourselves as an investor in some of those cases,” Altman said at the Cisco summit, according to Bloomberg.
- Nvidia (NVDA) CEO Jensen Huang, meanwhile, said his company’s planned investment in OpenAI (OPENAI) was “on track,” despite reports that it was stalled.
“There’s no drama involved. Everything’s on track,” Huang told CNBC.
In September, Nvidia and OpenAI announced that Nvidia intended to invest up to $100B for AI infrastructure.