Activist hedge fund Third Point, which has a nearly $1 billion stake in Intel, is calling on the chipmaker to separate its chip design and manufacturing units and divest botched acquisitions, reported Reuters. Shares of Intel jumped 5% after the report but are still down around 19% since the beginning of the year. The move shows that some Intel investors are vexed with the myriad...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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