AI Hardware

Artificial intelligence hardware has been a hot topic in the startup world lately, despite mixed reviews for early products like Rabbit and Humane. Amid the hype, a new AI device called "Friend" has captured investor interest. Developed by Avi Schiffmann, a Harvard dropout who won a Webby Award for creating a COVID-19 tracking website, "Friend" is designed to be the user's AI companion, connecting to a phone via Bluetooth and constantly listening to…

Intel Corporation announced first quarter results under its new financial structure model, which aims to establish itself as a leader in artificial intelligence hardware. The company today reported first quarter revenue of $12.7 billion, a year-over-year increase of 9%. It forecast second quarter 2024 revenue of $12.5 to $13.5 billion. Although the first quarter exceeded analysts' expectations, the company's second quarter outlook sent shares down 8% as it missed analysts' expectations of $13.63 billion for the upcoming quarter. Its adjusted EPS was $0.18 on revenue of $12.72 billion. Intel…