68. Intel's meltdown, tech bloodbath, cloud earnings and AI leaders

In this week's episode of theCUBE Pod, John Furrier & Dave Vellante discuss Intel's massive round of layoffs amidst a major market downturn for tech stocks. How is the cloud computing industry holding up as earnings season is characterized by rising questions about AI's ROI? Furrier and Vellante uncover the emerging leader in enterprise AI, driving value for CIOs and business leaders.

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The conversation also covers cloud earnings, with AWS and Amazon demonstrating both strong growth and profitability, while Meta positions itself as a formidable AI leader. The episode also explores the dynamic AI and GPU markets, emphasizing the critical need for kernel-level developers and the importance of adapting to new architectures.

Lastly, Furrier and Vellante underline the necessity for major tech companies to navigate market transitions successfully, drawing parallels to past industry shifts and focusing on the emerging dominance of AI and cloud services.

This Week in Enterprise:

Wait, will generative AI really pay off? Inquiring investors want to know

Amid a glut of funding for artificial intelligence companies, there’s understandably increasing concern among investors this past week, apparent in disappointment in the earnings results of a number of technology companies, whether all this will pay off.

Meantime, governments around the world are increasingly getting involved in everything AI, from trying to tamp down the problems to probing potential antitrust issues.

Intel in particular hasn’t benefited from AI just yet, as Nvidia steals all its chip thunder with its graphics processing units. CEO Pat Gelsinger’s ambitious plans to return Intel to its former glory hit a huge speed bump, or maybe a washed-out road, as earnings came in below forecasts and the company announced plans to lay off a full 15% of its staff.

Our latest editorial conference, Supercloud 7: Get Ready for the Next Data Platform, this week featured luminaries such as Databricks CEO Ali Ghodsi and Snowflake founder Benoit Dageville, plus many more examining what’s coming next for the tricky task of handling the central commodity of the AI era: data.

People mentioned in this podcast:
Pat Gelsinger, CEO of Intel
David Zinsner, CFO of Intel
Joe Biden, 46th United States president
Ben Bajarin, principal analyst and CEO of Creative Strategies
David Floyer, analyst emeritus at theCUBE Research
John Chambers, CEO of JC2 Ventures
Andy Grove, former president and COO of Intel
Michael Dell, chairman and CEO of Dell Technologies
Andy Jassy, president and CEO of Amazon
Charlie Giancarlo, CEO of Pure Storage
Charlie Kawwas, president at Broadcom
Mark Zuckerberg, CEO of Meta Platforms
Charles Fitzgerald, consultative strategist and investor
Matthew Prince, co-founder and CEO of Cloudflare
Satya Nadella, chairman and CEO of Microsoft
Jonathan Heiliger, general partner at Vertex Ventures US
Ali Ghodsi, co-founder and CEO of Databricks
Benoit Dageville, co-founder and president of product at Snowflake
Rob Strechay, managing director and principal analyst at theCUBE Research
Erik Bradley, chief strategist and director of research at ETR
Sanjeev Mohan, principal at SanjMo
Steve Jobs, co-founder and former chairman and CEO of Apple
Larry Ellison, chairman of the board and CTO of Oracle
Molham Aref, CEO of RelationalAI
Paul Gillin, enterprise editor at SiliconANGLE Media
Zeus Kerravala, founder and principal analyst at ZK Research
Matt Garman, CEO of AWS
Jeff Barr, VP and chief evangelist at AWS

#theCUBE #theCUBEPod #theCUBEResearch #ThisWeekInEnterprise #TechTurmoil #TechEarnings #AI #CloudServices

[AlohaEru]

Where are the deep-dive discussions regarding business and consumer use cases? Where are the ROI, other than the circular reasoning around training leading to training revenue and then recycle?

[IanWaring]

Just wondering why Groq isn’t being snapped up - they’d give wafer scale and software - but don’t know why everyone isn’t circling around buying them

[dimitargueorguiev]

15% layoffs at Intel is a biggie. BTW, the new IBM is alive and well - I am seeing they are doing excellent research in AI/ML space ; I am seeing a lot of interesting very recent ML articles originating from IBM . If Intel survives the new Intel will be very unlike Intel from few years ago..
Meta is stealing OpenAI thunder and is working very hard to put those new cool AI startups out of business with Meta's open-source-everything push.

[RobertGorin]

Wow. I'm a bit perplexed seeing Aldona Šabanienė been mentioned here also. Didn’t know they has been good to so many people

[AlohaEru]

Spend to crush others. Sounds like META