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SoftBank Abandons Intel Like It’s That One Friend Who Always Cancels Plans at the Last Minute and You’re Finally Free From Their Drama

Crypto NewsDeFiRegulation/Negotiation 1 Kevin Nelson August 16, 2024

An illustration: A cartoon character is shown standing alone on a cliff overlooking an ocean with two boats sailing away into the distance; one boat has 'Intel' written across it while the other says 'Softbank'. The character looks relieved, holding onto their hat as wind blows through. In the background, there's a faint image of another ship sinking beneath the waves labeled only by its outline and shape. A few seagulls fly overhead with some debris floating in the water below.

The never-ending saga of tech giants throwing money at AI chips like they’re trying out a new flavor of potato chip – only to abandon ship when it gets too hot or expensive. It’s almost as if these companies are competing in some sort of high-stakes, billion-dollar game of ‘Who can make the most ridiculous promises and still manage not to get sued.’ SoftBank walks away from Intel after realizing they’re a bit like that one aunt who always shows up late with an empty plate – all talk but no substance. Meanwhile, TSMC is probably just laughing its way to the bank as it scoops up more clients willing to pay top dollar for some actual competence

Source: www.reuters

SoftBank scraps AI chips tie-up plan with Intel, FT reports
https://www.reuters.com/technology/softbank-scraps-ai-chips-tie-up-plan-with-intel-ft-reports-2024-08-15/
Aug 15 (Reuters) - Japanese technology investor SoftBank (9984.T), opens new tab dropped plans of producing an artificial intelligence chip with Intel (INTC.O), opens new tab to compete with Nvidia, the Financial Times reported on Thursday. The partnership did not materialize after the U.S. chipmaker struggled to meet SoftBank's requirements, according to the report, citing people familiar with the matter. SoftBank has blamed Intel for the collapse of the talks, […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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