this post was submitted on 14 Jul 2024
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Speculation on my part but i think it’s the same thing as Boeing really. They didn’t have any real competition for so long and they started cutting out the engineers who innovated to improve stock price.
There used to be a saying that Intel had a vault where they paid out the next ten years of CPU tech, so when they invented something new they put it there so they could make profits and control the advancement.
Now, I’m not sure which thing they got wrong, but if it was true, I think Intel was probably caught off guard by all the speculative execution security issues and the GPU revolution (blockchain and AI).