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Hey I am on Medial • 7m

📈 Intel cuts staff by 15,000 due to revenue decline. " Capitalization has fallen by half since the beginning of the year. " American microprocessor manufacturer Intel has announced large-scale staff cuts to overcome financial difficulties. The company was unable to keep up with competitors, including NVIDIA, in the field of artificial intelligence, which led to a significant drop in revenues. According to CEO Pat Gelsinger, cutting costs by $10 billion by 2025 is a necessary step to stabilize Intel's financial situation.

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