Bulletins

Intel CEO Pat Gelsinger: We're going to buy more software companies

Intel CEO Pat Gelsinger said Tuesday at an event in Texas that the company is planning to buy more software companies to augment its silicon.

Pat Gelsinger, Intel CEO, speaks at Intel Vision 2022 on May 10 in Dallas. During the hybrid event, Intel’s leaders announced advancements across silicon, software and services, showcasing how Intel brings together technologies and the ecosystem to unlock business value for customers today and in the future. (Credit: Walden Kirsch/Intel Corporation)

Intel CEO Pat Gelsinger said Tuesday in Texas that Intel plans to pursue more software acquisitions in the future.

Photo: Walden Kirsch/Intel Corporation

GRAPEVINE, Texas—For a company most people consider a hardware business, Intel executives talked a lot about its software ambitions over the first day of the company’s freshly launched Vision 2022 event on Tuesday. Software has become so important to the company that CEO Pat Gelsinger said Intel planned to add even more software-as-a-services businesses through acquisitions in the future.

“We’re going to be doing more SaaS, more SaaS acquisitions,” Gelsinger said. “We're going to be bringing on more of those capabilities to pull through our silicon with SaaS services that we're enabling in the industry. My simple formula is silicon plus software equals solutions.”

Designing and manufacturing the silicon necessary is one piece of the data center puzzle for chip companies, but these days they now have to make software tools that help customers optimize their hardware. Running one graphics chip or CPU is relatively straightforward, but at the scale of computation required for AI, the tools developers can use to harness the horsepower matter a great deal.

Gelsinger said Intel was committed to develop open interfaces and open-source tools around them — he used Wi-Fi as an example — though the company plans to make its own implementations of some of them.

“We may have proprietary implementations of those open interfaces, that's our special sauce that we're providing, but they're always against open standards” Geslinger said.

Latest Bulletins

Twitter asked shareholders to vote on Elon Musk's takeover of the company at a special meeting. In short, Twitter wants to move forward with the purchase whether Musk likes it or not.

Keep Reading Show less

Among the many complexities of cybersecurity in 2022 is the fact that businesses have a lot of choices when it comes to new technologies to try. Too many choices, in fact, according to Kevin Mandia, the founder and CEO of cybersecurity powerhouse Mandiant.

Keep Reading Show less

Twitter's prospective buyer is going about his acquisition in a rather unusual way. Elon Musk took to Twitter (naturally) on Monday to argue with CEO Parag Agrawal over the company's bot account estimates and during a conference Monday said renegotiating the deal for a lower price wasn't "out of the question." Does Musk actually want to buy this company?

Keep Reading Show less

Microsoft channel chief Rodney Clark is leaving the technology giant to take a job at an outside company.

The 24-year Microsoft veteran’s departure comes just more than a year after being appointed to what he then described as a “destination role” and “dream job” at Microsoft. Last March, he replaced Gavriella Schuster, who had held the channel chief role for five years.

Keep Reading Show less

Microsoft will raise employee pay through merit salary increases and larger stock grants, CEO Satya Nadella wrote in an email to employees on Monday. The decision follows similar salary bumps from other big tech companies.

Keep Reading Show less

In a strongly worded ruling that suggested more than a passing familiarity with the caps-lock key, U.S. Magistrate Judge Zia Faruqui approved the first Justice Department criminal complaint against a U.S. citizen accused of using crypto in violation of sanctions Friday. The defendant, who remains unnamed, is accused of transferring $10 million in bitcoin to either Cuba, Iran, North Korea, Syria or Russia.

Keep Reading Show less

Before a white supremacist killed 10 people in a predominantly Black neighborhood in Buffalo and livestreamed it on Twitch over the weekend, racial justice advocates had been calling on the company to study the rampant racism that has been so pervasive on the platform.

After Buffalo, those advocates say, Twitch is all out of reasons to refuse.

Keep Reading Show less

Tech industry groups NetChoice and CCIA have filed an emergency application with the Supreme Court, asking the court to stay the Fifth Circuit's ruling this week which enabled Texas’s so-called social media “censorship” law to go into effect.

Protocol first reported Thursday that NetChoice and CCIA, the plaintiffs in the case, would file their application on Friday. The two groups had warned other advocates of their intention to file and asked for their support in the form of amicus briefs.

Keep Reading Show less

On Nov. 17, the price of gyen, a crypto stablecoin, briefly spiked to $0.0234. The next day, the price fell back down to about $0.0087, approximately the worth of one Japanese yen — the fiat currency the stablecoin was supposed to be pegged to. Then, on Nov. 19, Coinbase froze trading, citing a “technical glitch.”

Some Coinbase users are still up in arms six months later, saying the marketplace misled them about the coin’s stability by listing it on the exchange. A group of California investors filed a lawsuit Thursday against Coinbase and gyen issuer GMO-Z Trust, saying they cost the plaintiffs “untold millions,” and are seeking to have it certified as a class action.

Keep Reading Show less

Peloton needs more people to buy its hardware and subscribe to its All-Access membership to turn its business around. Its next grand idea? Make a machine that people have been clamoring for for years.

Keep Reading Show less

Finally, Wall Street’s excited about Robinhood — thanks to Sam Bankman-Fried.

Robinhood shares rallied Friday after the FTX CEO disclosed in an SEC filing that he has acquired a 7.6% stake in the online brokerage. Robinhood’s stock was up about 20% in early trades, pushing the stock back up above $10.

Keep Reading Show less

It's been a busy week of updates for workplace productivity tools: Calendly will let you screen meeting invites, Figma has dark mode, Superhuman is on Outlook now. Google also announced a slate of forthcoming Workspace updates at its I/O developer conference, some powered by AI. Many of the new features are aimed at making you look a lot less exhausted than you really are in Google Meet.

Keep Reading Show less

Elon Musk paused his $44 billion Twitter takeover until he gets more information on the number of spam and fake accounts on the platform, he tweeted Friday.

Keep Reading Show less

Affirm's stock took a beating this week after shares of small-business lender Upstart crashed, spooking investors generally about the fintech sector as markets dove and rising interest rates hung over the business. The "buy now, pay later" company turned things around with stronger-than-expected quarterly results. Its share price soared 33% after markets closed on Thursday to nearly $24.

Keep Reading Show less

Tech groups fighting Texas’s social media “censorship” law may file an emergency application with the Supreme Court as early as Friday, according to two sources familiar with the case. The groups, NetChoice and CCIA, have said they plan to ask the justices to vacate the Fifth Circuit's Wednesday ruling, which lifted an injunction on the Texas law, allowing it to go into effect and prompting panic throughout the tech industry.

NetChoice and CCIA are now soliciting amicus briefs in their application to be filed by next week. NetChoice did not respond to Protocol's request for comment. CCIA wouldn't confirm its plans, but President Matt Schruers said in a statement, "We will take whatever steps are necessary to defend our constituents' First Amendment rights. These include the right not to be compelled by the government to carry dangerous content on their platforms."

Keep Reading Show less

Bitcoin peaked in November above $60,000. Then came the Super Bowl ads, Crypto.com Arena and a flood of TikTok influencers promoting the latest altcoin. It wasn’t going to end well, was it?

The crypto crash has hit nearly every token and knocked even some stablecoins off their peg. But the carnage hasn’t been even. The luna token associated with the Terra blockchain lost almost all its value amid a run on its paired UST stablecoin. Bitcoin, ether and even dogecoin proved hardier than newer coins. The question now is when the market will find its bottom.

New activity on the Terra blockchain was halted Thursday as the luna cryptocurrency tumbled sharply and its sister stablecoin, known as UST, sank nearly to zero.

Keep Reading Show less

David Marcus, until recently a top-ranking Meta executive, is back with a new crypto startup that will remind many of his recent work — but has some crucial differences.

Keep Reading Show less

Energy markets have been a mess due to the supply chain and the Russian invasion of Ukraine. But in a weird twist, the chaos may actually be benefiting renewables.

Keep Reading Show less

Japanese conglomerate SoftBank is severely cutting its planned startup investments through next March, Chief Executive Masayoshi Son said in a Thursday earnings call. With the announcement, Son joins a chorus of VCs who have been vocal about an economic downturn forcing them to tighten their belts.

Keep Reading Show less

In the wake of Elon Musk's deal to acquire Twitter, two pivotal company leaders are leaving and Twitter is hitting the brakes on hiring and some spending, according to a memo obtained by The New York Times.

Kayvon Beykpour, who oversees Twitter's consumer division, was fired from the company. Jay Sullivan, the company's current head of consumer product, will replace him. Bruce Falck, Twitter’s general manager for revenue, is also leaving. Twitter confirmed the departures to Protocol.

Keep Reading Show less

The supply chain is still hurting Rivian. But the electric vehicle maker thinks things can only go up from here. (Thanks for jinxing it, Rivian.)

Keep Reading Show less

Instacart confidentially filed documents for an IPO, the company announced Wednesday.

Keep Reading Show less

The SEC is investigating Elon Musk for the late disclosure of his stake in Twitter which allowed him to accumulate a large amount of shares at a lower price than he might otherwise have paid, the Wall Street Journal reported on Wednesday.

Keep Reading Show less

Apple, move over. Saudi Aramco has overtaken the erstwhile consumer electronics company as the most valuable company on Earth on Wednesday. It's a reflection of both the vagaries of the market and the weird state of the world.

Keep Reading Show less
Bulletins