Wall Street Breakfast Intel CEO Calls for ‘Brutal’ Feedback
Apr 1, 2025
The new CEO of Intel is pushing for a culture of open and 'brutal' feedback to drive innovation. Meanwhile, Xiaomi struggles with a stock decline following a tragic crash involving their vehicle. SoftBank is eyeing a massive $16.5 billion loan to boost AI investments in the U.S. This move could signal significant shifts in their financial strategy. The podcast also touches on OpenAI's impressive $40 billion funding round, raising its valuation to $300 billion, amid growing market trends.
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Acknowledging Shortcomings
- Gelsinger acknowledges Intel has fallen behind on innovation.
- He emphasizes the need for a culture change at Intel, stating that bureaucracy kills innovation.
Seeking Brutal Honesty
- Intel's new CEO, Pat Gelsinger, asks for brutal honesty from customers.
- He aims to drive innovation, build a broader ecosystem, and strengthen data center offerings.
Xiaomi EV Crash
- A Xiaomi electric vehicle crashed while in autopilot mode, resulting in three reported fatalities.
- Xiaomi's shares fell after the incident, and they are cooperating with the investigation.