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Wall Street Breakfast

Softbank, Intel AI chip talks fizzle

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 15 August 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

SoftBank (SFTBY), Intel (INTC) talks to produce AI chip to rival Nvidia (NVDA) reportedly failed. (00:26) Meta (META) shuts down misinformation tool—CrowdTangle despite pleas. (01:28) Serve Robotics (SERV) and Shake Shack (SHAK) roll out autonomous robot delivery via Uber Eats (UBER). (02:19)

Episode transcripts seekingalpha.com/wsb.

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Transcript

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0:00.0

Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

0:08.0

Good morning. Today is Thursday, August 15th. I'm Julie Morgan. What happened to those discussions between Soft Bank and

0:16.1

Intel about an AI chip? Meta shuts down crowd tangle and fast food delivery is looking a little different in some areas.

0:25.0

Softbanks talks with Intel about manufacturing an artificial intelligence chip to compete with

0:31.4

NVIDIA have failed in recent months.

0:34.0

This plan was aimed at ramping up Soft Bank's efforts to combine the chip designs of arm holdings

0:40.0

with the production expertise of its latest acquisition, British AI chipmaker Grafcore.

0:45.9

People familiar with the matter told the Financial Times, however, that discussions collapsed

0:50.7

as Soft Bank believed Intel could not meet its demands for volume and speed.

0:56.2

This happened before Intel announced drastic cost cuts, but sources said talks may restart

1:02.4

as only a few chipmakers have the capabilities to manufacture

1:06.4

cutting edge AI processors.

1:08.8

Soft Bank is now said to be focused on talks with Taiwan semiconductor manufacturing, the world's largest

1:15.4

contract chipmaker. But a deal has not been reached as TSM is reportedly struggling to meet

1:21.0

demand from existing customers.

1:23.4

Intel and Soft Bank declined to comment on the report.

1:27.2

Meta platforms has officially shut down Crowdtangle,

1:31.2

a tool used by researchers, watch dog organizations, and journalists to monitor

1:36.2

social media content, especially for tracking misinformation.

1:40.6

The decision was announced earlier this year and faced significant backlash from various groups who relied on crowd tangle for oversight, particularly in light of the upcoming U.S. presidential elections.

1:52.0

Numerous groups wrote letters to Meta to upcoming US presidential elections.

1:52.7

Numerous groups wrote letters to Meta

...

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