Intel has announced that CEO Pat Gelsinger has retired. The executive, who first joined Intel in 1979 at 18 years old, is being replaced by David Zinsner and Michelle Johnston Holthaus. Holthaus and Zinsner will serve as interim co-CEOs while the board of directors works “diligently and expeditiously” to find a successor.
Gelsinger became CEO in early 2021. At the time, Intel was struggling to regain ground it had lost to AMD in the desktop market, as well as push a more ambitious manufacturing timeline to catch up with foreign chipmakers like TSMC. Under Gelsinger’s leadership, the company made some big strides. Intel’s 12th generation of processors marked a significant turning point in the company’s desktop processors, and an aggressive foundry roadmap has pushed smaller nodes out of U.S.-based plants.
Still, Intel is in bad shape financially. Despite the aggressive timeline, the company has outsourced its most recent designs to TSMC with Lunar Lake and Arrow Lake CPUs. And as you can read in our Core Ultra 9 285K review, even those chips struggle to hold up.
This wasn’t just a one-off generation, either. Although Gelsinger’s plans changed the direction of the company, it seems Intel wasn’t able to turn the corner fast enough. In its most recent earnings report, the company reported losses of $16.6 billion. This comes in the face of record revenue from Nvidia and AMD, who have made significant inroads in AI hardware.
As if that weren’t enough, Intel also faces a lawsuit filed by investors in August and a smaller workforce. The company let go of 15,000 employees this year — 15% of its total workforce.
A big part of the company’s turnaround efforts seems to hang on the 2022 U.S. CHIPS Act, which granted close to $30 billion to the company through direct funding and low-interest loans. Less than a week ago, Intel announced $7.86 billion of funding under the act, which is the first round of funding it has seen.
This investment largely targets Intel’s foundry business. The company’s 18A node is in development and with contracts with players like Microsoft and the U.S. Department of Defense. Despite that, Intel had to cancel its 20A node and outsource production to TSMC for Lunar Lake and Arrow Lake. In addition, the Biden administration has reportedly encouraged Intel to consider selling its chip design business to a rival, such as AMD.
The news comes just days before Intel is expected to reveal its next-generation Battlemage GPUs. This is the second generation of Intel’s desktop graphics cards, and they’re expected to target gamers on a budget.
Nearly a month after announcing the GPT-6.1 Sol model, OpenAI unveiled GPT-6.1 Terra today. The latest addition to the family focuses on computer use, visual reasoning, coding, and professional work, while costing 50% less through the API than GPT-5.6 Terra.
OpenAI says Terra can handle everything from filling out browser forms and working inside spreadsheets to interpreting technical drawings and editing videos. The company says it can also complete computer-based tasks more than three times faster than GPT-6 Astra and GPT-6.1 Sol.
ASUS has started selling its UGen Intel Arc Pro B70 graphics card in Europe, bringing its take on Intel’s workstation GPU to customers with a hefty €1,799 recommended price. The card is available in Germany and Austria, while ASUS lists it at CHF 1,799 in Switzerland.
Intel first introduced the Arc Pro B70 in March 2026, with its own branded model starting at $949. ASUS’s version arrives several months later with the same core GPU architecture but a different cooling design and a higher power rating. The price also places it well above Intel’s original starting point, although the two prices are not directly comparable because ASUS’s European figure includes VAT.
Anthropic has officially filed to go public, and buried inside its S-1 is a blunt warning about the technology at the center of its business. The maker of Claude AI says advanced AI could cause everything from large-scale cyberattacks and geopolitical instability to catastrophic or even existential risks for humanity.
The warnings take up a surprisingly large part of the filing. Axios notes that more than 90 pages, or roughly a third of the prospectus, focus on risk factors. Many of them warn about what could happen as AI systems become more capable and autonomous.