Shares of Intel dropped more than 10% after the chipmaker reported a 22% sales decline compared to last year along with a $454 million net loss for its July quarter, while also slashing its full-year revenue and profit forecast. The results fell far short of the quarterly financial targets Intel set in April and point to a precipitous drop in demand for PCs and servers. On an earnings call,...
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The Big Read space venture capital
The Overlapping Galaxies of Delian Asparouhov
Delian Asparouhov, newly minted Founders Fund partner and co-founder of Varda Space Industries, is obsessed with speed. As a hobby, he’s getting his pilot’s license, hoping to eventually fly a fighter jet. On the ground, he prefers to listen to audiobooks at triple the normal tempo. And when he started Varda in late 2020, he set a moonshot goal: Launch one of its meter-wide...
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