Pat Gelsinger stepped down from his role as CEO of Intel yesterday, amid an already tumultuous year for the tech giant. We've also seen that he "was fired," "pushed out," "resigned" and/or "retired." Which is it? Regardless, the outcome is the same.
And TechCrunch says he'll have a soft landing; a $10 million+ severance package.
As SFGATE reported, Intel announced the move in a blog post yesterday, writing that Gelsinger left his CEO role and stepped down from the board of directors effective Sunday. Two senior executives, David Zinsner and Michelle Johnston Holthaus, were named interim co-CEOs while Intel’s board searches for a new top executive, according to AP.
Intel has lost market share to rivals just as artificial intelligence hype makes such chips more valuable. Intel’s stock dropped around 50% this year; in August, Intel announced 15,000 layoffs, and the company reported a record $16.6 billion quarterly loss in October — in part due to the costs of those layoffs and restructuring. Intel cut hundreds of workers in California as part of the sweeping layoffs, SFGATE also reported.
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Grab your coffee. Here's what you need to know today.
Today’s Tech, Channel and MSP News
1. Innovative Solutions launches Tailwinds: At AWS re:Invent this week, cloud solutions provider Innovative Solutions launched a new Tailwinds platform aimed at speeding generative AI solutions adoption, the company said in a statement. Tailwinds simplifies the process for creating Al-powered applications, Al agents, workflows, chatbots, and APls, and enables users to build GenAI Proofs of Concept (POCs) by up to 100 times faster than traditional methods, and at 1% of the price, Innovative Solutions said.
2. Thales introduces data risk intelligence solution: Following its acquisition of Impreva in December 2023, Thales announced today the launch of its Data Risk Intelligence solution, which combines the risk and threat identification capabilities of the Thales CipherTrust Data Security Platform and Imperva Data Security Fabric to proactively identify, score, and mitigate risk to data, wherever it resides, the company said in a statement.
3. Zilliant names new SVP of CX: Zilliant has made a strategic addition to its leadership team: Lauren van Heerden was named senior vice president of customer experience. Van Heerden will ensure that Zilliant provides an unmatched customer experience that drives impact and success for its customers, the company said in a statement. She joins Zilliant with over 30 years of global expertise across customer success, professional services, partnerships, and product innovation roles. In her most recent role, she modernized the global operations for a major e-commerce retailer company’s customer success, professional services, and support organizations. Congratulations!
4. Sweet Security launches comprehensive CDR: Sweet Security today announced the release of its unified Cloud Native Detection and Response platform that integrates the capabilities of Application Detection and Response (ADR), Cloud Detection and Response (CDR), and Cloud Workload Protection Platform (CWPP) into one comprehensive solution, the company said in a statement. In addition to unified detection and response, Sweet Security’s platform is equipped with additional capabilities that are powered by GenAI, including Unified Cloud Visibility, Vulnerability Management, Runtime CSPM, and Identity Threat Detection & Response (ITDR).
5. N2WS enhances cloud-native BDR: Data protection solutions firm N2WS today unveiled enhancements to its cloud-native backup and disaster recovery (BDR) platform, the company said in a statement. These updates empower enterprises and managed service providers (MSPs) to address the growing threats of ransomware and other malicious attacks while cutting operational costs, streamlining cross-cloud and multi-cloud data management, and maximizing the potential of their cloud investments without stressing budgets.
In-Person MSP and Channel Partner Events
- AWS re:Invent 2024, December 2-6, Las Vegas, Nevada
