Intel to Cut 20% of Workforce Amid Strategic Retreat from AI Chip Rollout
Intel is preparing to lay off more than 20% of its workforce in a sweeping restructuring effort, as the company hits pause on the commercial launch of its much-anticipated Falcon Shores AI chip. The decision reflects deeper strategic concerns as Intel struggles to compete in the high-stakes AI hardware race. The layoffs, expected to impact […]
Tesla’s Optimus Robot Production Stopped Chinese Rare Earth Restrictions
Tesla’s ambitious plans to mass-produce its Optimus humanoid robot have hit a significant roadblock: China’s tightening grip on rare earth exports. The company relies on specialized rare earth magnets for the robot’s compact actuators—components that are now subject to new export licensing rules imposed by Beijing. These restrictions, introduced earlier this month, are part of […]
