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- 🚀 Intel’s new CEO: Big changes coming?
🚀 Intel’s new CEO: Big changes coming?
🎬 Musk acquires AI video start-up
Martin Crowley, Liam Lawson & Amanda Greenwood
March 18, 2025
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🔓 Tuesday’s AI Report:
🚀 Intel’s new CEO: Big overhaul ahead?
🔐 In partnership with Incogni
🎬 Musk acquires AI video startup
🛍️ Is AI search killing traditional search?
💼 In partnership with Innovating with AI
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📈 AI STOCK TRACKER
US tech stocks are currently experiencing a mixed performance, for example, TSM surged 1.23% as analysts anticipate upcoming earnings per share to be $2.02—a 46.38% increase compared to last year—while Tesla shares declined 4.8% due to brand and policy-related concerns.
LATEST IN AI
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🚀 Intel’s new CEO: Big changes coming?
🚨 Our Report — Six months after giving up his seat on the board of directors, Lip-Bu Tan has rejoined global chipmaker, Intel, but this time, as its new CEO (after the previous CEO, Pat Gelsinger, was ousted in December, as the board lost confidence in his plans to turn the company around, amid growing competition from AI chip rivals) and is reportedly about to execute some major, strategic changes to the company’s chip manufacturing and AI approach.
🔓 Key Points:
Insider reports revealed that Tan told employees he would need to make “tough decisions” to get the company back on track, which analysts believe means layoffs to reduce middle management.
He also plans to streamline operations by splitting the Foundry division—which fabricates chips for external customers—from the Design/Manufacturing side, which AMD did in 2009, to much success.
His priority for the revamped Foundry division will be to produce AI chips for external customers—including NVIDIA and Microsoft—and expand its presence in robotics and foundational AI models.
🔐 Relevance — Tan allegedly quit Intel’s board of directors in August last year after clashing with EX-CEO Gelsinger over Intel’s growing workforce, overly cautious approach to risk and AI, and increased bureaucracy, which he felt was slowing progress.
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🎬 Musk acquires AI video startup
🚨 Our Report — Elon Musk’s AI start-up, xAI, has acquired a start-up, called Hotshot, that specializes in AI-powered video generation tools.
🔓 Key Points:
Hotshot has three text-to-video models—which have been trained on 600M video clips—that allow users to create 10-second videos from text prompts, in different styles like comic book animations and rotoscope effects.
Founder Askash Sastry said that training these models had given him “a look into how global education, entertainment, communication, and productivity are about to change” and was “excited to continue scaling as a part of xAI.”
Musk’s acquisition of Hotshot suggests that he wants to increase his AI capabilities and develop an AI video generator that can compete with (among others) the likes of OpenAI’s Sora and Google's Veo 2.
🔐 Relevance — This doesn’t come as a huge surprise as in January, during a live stream, Musk hinted that he would be releasing an AI video-generator ‘Grok Video’ to integrate into his chatbot Grok chatbot platform “in a few months”
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🛍️ Is AI search killing traditional search?
After analyzing over 1 trillion visits to US retail sites and surveying over 5,000 respondents, Adobe has revealed that AI search features—like Google’s AI Overviews—have become a significant channel for retailers.
According to the results, users who clicked on an AI-generated result spent 8% longer on the site, visited 12% more pages, and were 23% less likely to bounce than those clicking traditional search links.
They found that 39% of consumers use AI search for online shopping, 55% for research, and 47% to find recommendations, with experts believing that traditional (ad-clogged) search methods are on their way out.
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TOGETHER WITH INNOVATING WITH AI
The AI consulting market is about to grow by a factor of 8X – from $6.B to $54.7B in 2032.
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PRACTICAL AI
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PODCASTS
In this episode, Matt Wolfe and Nathan Lands dive into the capabilities of Manus AI—the latest AI agent from China that’s taking the industry by storm—and discuss what implications this, and AI agents in general, has for visionaries and integrators.
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