3.8 • 950 Ratings
🗓️ 1 April 2025
⏱️ 5 minutes
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0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
0:08.0 | Good morning. Today is Tuesday, April 1st. I'm Julie Morgan. Intel's new CEO is asking for tough love. |
0:16.0 | Shawnee's EV crash rattles investors and soft bank eyes a record-breaking AI loan. |
0:23.6 | Intel's new CEO in his first public appearance since taking the helm has vowed to refocus on innovation and called on customers to provide harsh feedback on the company. |
0:34.4 | In his keynote speech at the Intel Vision 2025 event on Monday, he said that the |
0:39.7 | company has fallen behind on innovation and that they've been too slow to adapt and meet their needs. |
0:45.9 | While addressing hundreds of Intel's partners and customers, he asked them to be brutally honest |
0:51.3 | with Intel and to provide harsh feedback because it's more valuable. |
0:55.7 | He went on to say that it's very clear that the company has a lot of hard work ahead. |
1:01.0 | The new CEO said he'd retain and recruit top engineering talent and put together strong teams |
1:07.0 | to correct the past mistakes and start earning back their trust. His priorities for |
1:12.1 | Intel products are to drive innovation and client computing, build the industry's broadest |
1:17.5 | ecosystem of independent software vendors and artificial intelligence applications, and |
1:23.0 | strengthen data center offerings. He also highlighted the need for a culture change at the company, saying |
1:29.0 | they'll simplify the way they work and that bureaucracy kills innovation. Shares of |
1:35.7 | Xiao Mi fell in Hong Kong trading after the company confirmed one of its SU7 electric cars was |
1:41.8 | involved in an accident. Local media reported that three people died in that incident. |
1:47.4 | The stock fell as much as 5.5% in afternoon trading. |
1:51.8 | Shelby said it has provided driving and system data to assist in the investigation. |
1:56.6 | According to Shelby, the vehicle was in Navigate on autopilot mode and traveling at 116 kilometers per hour before the crash. |
2:06.8 | SoftBank is reportedly in talks to secure a loan of up to $16.5 billion to support its growing investments in AI across the U.S. |
2:16.5 | Bloomberg reported that if finalized, this would be the largest U.S. dollar-denominated loan |
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