This move is part of Intel's strategy to raise capital for CEO Pat Gelsinger’s comeback plan, which includes building new chip factories and introducing advanced chip manufacturing nodes. Articul8 fits into this plan by delivering new software products and services, including AI-powered products, to compete with rivals like Nvidia and AMD and make Intel hardware more appealing for a range of applications.
Key takeaways:
- Intel is spinning out a new platform company called Articul8 AI, which builds off a proof-of-concept from an Intel collaboration with Boston Consulting Group (BSG).
- The Articul8 platform is optimized for Intel hardware but supports alternatives and is designed to serve industries that require high levels of security and specialized domain knowledge.
- Arun Subramaniyan, formerly a VP and GM at Intel’s datacenter and AI group, will become the spin-out’s CEO. Intel will retain an undisclosed stake in the firm.
- The spin-out of Articul8 is part of Intel’s strategy to raise capital for CEO Pat Gelsinger’s comeback plan, which includes building new chip factories and introducing new advanced chip manufacturing nodes.