AI Daily: Intel AI chief said to leave chip maker

Arm CEO tells Financial Times he does not fear DeepSeek

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly:  

LEAVING INTEL FOR NOKIA: 

Intel’s (INTC) head of data-center and artificial-intelligence operations is leaving the group to take the helm of European telecommunications-gear maker Nokia (NOK), the latest high-profile executive shuffle at the chipmaker as it struggles to revamp its business, The Wall Street Journal’s Mauro Orru reports. Justin Hotard, who joined Intel in February last year, will be succeeding Pekka Lundmark as Nokia’s Chief Executive as of April 1. The executive, who previously served as executive vice president and general manager of high-performance computing, AI and labs at Hewlett Packard Enterprise (HPE), had been leading efforts at Intel to cash in on AI. An Intel spokesperson said the company appointed Karin Eibschitz Segal as interim head of the data-center and artificial-intelligence business, the author writes. 

DOES NOT FEAR DEEPSEEK: 

Arm (ARM) CEO Rene Haas tells the Financial Times he does not fear DeepSeek, Matthew Garrahan reports. While he admits, “an open-source model has caught up with, in theory, some of the best closed-source reasoning tools,” Haas says anyone worried about the future of AI should look at who is investing money. “The canary in the coal mine to look at is when Satya Nadella or Sundar or Zuckerberg say, ‘You know that $80bn of capex I said I was going to do? I think I’m going to cut that by two-thirds.’ That’s what you need to look for,” Hass said. 

DEEPSEEK AI MODEL: 

DeepSeek’s AI model “is probably the best work” out of China, Demis Hassabis, the CEO of Google (GOOGL) DeepMind said on Sunday, but added that the company didn’t show any new scientific advances, CNBC’s Arjun Kharpal reports. Last month, China’s DeepSeek released a research paper that rattled global markets after claiming its AI model was trained at a fraction of the cost of leading AI players and on less-advanced Nvidia (NVDA) chips. DeepSeek’s announcement sparked an aggressive stock sell-off and sparked considerable debate over whether large tech companies are spending too much on AI infrastructure, the author notes.  Hassabis praised DeepSeek’s model as “an impressive piece of work.”

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Originally Posted February 10, 2025 – AI Daily: Intel AI chief said to leave chip maker