Intel is set to spin off its Programmable Solutions Group as an independent business, aiming for an IPO in 2-3 years. PSG, led by Intel's current Data Center and AI Group EVP Sandra Rivera, will operate independently as part of Intel's broader restructuring efforts. Despite PSG's past financial success, Intel believes this shift will enable more agility and growth, targeting markets beyond data centers. The goal is to retain majority ownership while allowing PSG to operate autonomously in the competitive FPGA market, similar to Intel's approach with Mobileye.
Time Stamps:
0:00 Welcome to the Rundown
1:01 - Arrcus Reveals Connected Edge-AI
3:41 - Accedian Acquisition Completed by Cisco
5:42 - Unigen Bakes a Cupcake
9:25 - Cloud Data Security Reach from Cohesity Increases
12:20 - The Formation of the Unified Acceleration Foundation
16:17 - Toshiba is Going Private
19:27 - Programmable Solutions Group Spun-off by Intel
29:09 - The Weeks Ahead
30:17 - Thanks for Watching
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