Archive

July 12, 2025

Browsing
In Stocks

Is it too late for Intel stock to catch up in AI? It’s CEO thinks so

3 Mins Read

Intel Corp (NASDAQ: INTC) chief executive Lip-Bu Tan reportedly conceded in a recent Q&A session with employees that it’s too late for the semiconductor firm to catch up to Nvidia in AI.

“On training, I think it is too late for us,” – Tan noted, adding INTC doesn’t even have a spot on the list of “top 10 semi companies” in the world in 2025.

At the time of writing, Intel stock is down some 15% versus its year-to-date high in mid-February.

Intel stock is not out of the AI race

According to Tan’s remarks leaked via OregonTech, Intel is no longer chasing Nvidia in the data centre race as the battle has already been lost.

Instead, the chip firm is now turning its focus to edge AI. INTC sees it as a more attainable frontier – especially as demand grows for AI-enabled PCs, industrial sensors, and embedded systems.

Tan also highlighted agentic AI, systems that act autonomously without constant human input, as a key growth area. This emerging field could reshape how devices interact with users, from smart assistants to autonomous robotics.

Intel plans to invest in talent and infrastructure to support this shift, with Tan teasing upcoming high-level hires: “Stay tuned. A few more people are coming on board.”

Note that INTC shares are currently down more than 35% versus their 52-week high.

INTC shares to benefit from cost cuts

Intel’s manufacturing struggles have compounded its AI shortcomings. Once proud of its vertical integration, the company now outsources roughly 30% of its chip production to TSMC.

Its flagship 18A node, once touted as a comeback vehicle, is now being reconsidered in favor of the more promising 14A process. Analysts warn that billions in capital expenditures may be written off if Intel shelves external 18A volumes.

Tan’s leadership marks a departure from his predecessor’s expansive IDM 2.0 strategy.

Instead of competing on all fronts, Tan is streamlining operations, cutting costs, and laying off thousands globally. The goal is to focus on what Intel can do well, starting with AI at the edge, not the cloud.

For now, though, Wall Street rates Intel shares at “hold” only.

Intel needs time to regain momentum

Despite the bleak outlook, Tan remains cautiously optimistic. He’s called Intel’s turnaround a “marathon,” not a sprint, and emphasized the need for cultural transformation.

“We need to be humble,” he told employees, urging the company to listen more closely to market demands.

Whether Intel can regain its footing remains uncertain. But one thing is clear: the company is no longer pretending to lead the AI race. Instead, it’s recalibrating – hoping that by shifting its focus and shedding legacy baggage, it can carve out a meaningful role in the next chapter of computing.

That said, Intel likely has a long road ahead, which is why analysts’ mean target of $21.50 on INTC stock indicates potential downside of nearly 9.0% from here.

The post Is it too late for Intel stock to catch up in AI? It’s CEO thinks so appeared first on Invezz

Keep Reading
In World news

JZR Gold Inc. Announces Private Placement Offering of Units to Raise Up To $1,500,000

6 Mins Read

 

(TheNewswire)

 

     

   
             

 

July 11, 2025 TheNewswire – Vancouver, British Columbia, Canada JZR Gold Inc. (TSXV:  JZR) (the ‘ Company ‘ or ‘ JZR ‘) is pleased to announce that it intends to undertake a non-brokered private placement offering (the ‘ Offering ‘) of up to 5,000,000 units (each, a ‘ Unit ‘) at a price of $0.30 per Unit, to raise aggregate gross proceeds of up to $1,500,000.  Each Unit will be comprised of one common share (each, a ‘ Share ‘) and one share purchase warrant (each, a ‘ Warrant ‘). Each Warrant will entitle the holder to acquire one additional common share (each, a ‘ Warrant Share ‘) of the Company at an exercise price of $0.40 per Warrant Share for a period of two (2) years after the closing of the Offering. The Warrants will be subject to an acceleration clause whereby, in the event that the volume weighted average trading price of the Company’s common shares traded on TSX Venture Exchange, or any other stock exchange on which the Company’s common shares are then listed, is equal to or greater than $0.75 for a period of 10 consecutive trading days, the Company shall have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date that notice is provided by the Company to the Warrant holders. The Units, Shares, Warrants and any Shares issued upon the exercise of the Warrants will be subject to a hold period of four months and one day from the date of issuance.

 

  The Units will be offered pursuant to available prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106 –   Prospectus Exemptions.  

 

  The Offering may close in one or more tranches, as subscriptions are received.  The Securities will be subject to a hold period of four months and one day from the date of issuance.  Closing of the Offering, which is expected to occur on or about July 21, 2025, will be subject to satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the Exchange.  

 

  The Company intends to use the net proceeds from the Offering to fund operations of the fully constructed 800 tonne-per-day gravimetric mill, as well as future exploration work on the Vila Nova Gold project located in Amapa State, Brazil, and for general working capital purposes. JZR has been advised by its Joint Venture Royalty Agreement partner, ECO Mining Oil & Gaz Drilling and Exploration Ltda. (EIRELI) (‘ECO’), that the Mill is fully operational, but ECO is completing a few minor improvements to the Mill to improve operational efficiency. There will be further updates regarding operations in the immediate future.  

 

For further information, please contact:

 

Robert Klenk

 

Chief Executive Officer

 

rob@jazzresources.ca

 

Forward-Looking Information

 

  This press release contains certain ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes all statements that are not historical facts, including, without limitation, statements with respect to the details of the Offering, including the proposed size, timing and the expected use of proceeds and the receipt of regulatory approval for the Offering.  Forward-looking information reflects the expectations or beliefs of management of the Company based on information currently available to it.  Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.  These factors include, but are not limited to:   the Company may not complete the Offering; the Offering may not be approved by the TSX Venture Exchange;   risks associated with the business of the Company; business and economic conditions in the mineral exploration industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks related to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with the specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action and unanticipated events related to health, safety and environmental matters); risks related to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company’s continuous disclosure documents filed with the Canadian securities regulators.  The forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.  The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.  

 

  Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.  

 

None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or ‘U.S. persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
In Business

Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

2 Mins Read

What’s “Froot Loops” in Italian?

The European confectionary company Ferrero has agreed to buy WK Kellogg Co., the manufacturer of iconic American cereals, for $3.1 billion.

The acquisition is set to bring the publicly traded maker of Froot Loops, Frosted Flakes and Rice Krispies under the privately owned Italian manufacturer of Nutella, Tic Tac and Kinder chocolates.

WK Kellogg, based in Battle Creek, Michigan, was spun off from Kellogg’s in 2023, splitting the company’s North American cereal business from its other snack products like Pringles and Pop-Tarts, a unit that is now owned by the publicly traded conglomerate Kellanova. WK Kellogg, one of North America’s largest cereal makers, saw its shares surge more than 30% Thursday on the news of the deal.

The agreement comes after years of slowing demand for sugary breakfast cereals as many consumers look for healthier options. WK Kellogg came under fire last year when CEO Gary Pilnick said on CNBC that households squeezed by food companies’ price hikes should consider eating “cereal for dinner” to save money, part of a marketing pitch the company was making as an answer to inflation.

Yet snack demand, too, has flagged recently, with The Campbell’s Co. and General Mills each warning this year of slower sales as customers prioritize square meals.

Ferrero Rocher chocolates.Alexander Sayganov / SOPA Images / LightRocket via Getty Images file

Ferrero, perhaps best known for its namesake Ferrero Rocher chocolates in gold foil, originated in Alba, Italy, after World War II and is now a multinational food maker headquartered in Luxembourg. The company reported revenue of 18.4 billion euros last fiscal year, up nearly 9% from the one before.

Ferrero executive chairman Giovanni Ferrero described the acquisition Thursday as “a key milestone” in an effort to grow its footprint in North America, where the closely held company sells an array of popular candies.

The deal is among a series of high-profile Ferrero acquisitions in recent years. The firm bought Butterfinger, Baby Ruth and other U.S. candy brands from Nestlé in 2018, then acquired Kellogg’s bakery business, including Famous Amos and Keebler, in 2019 along with the manufacturer of Halo Top ice cream in 2022.

After the transaction closes, WK Kellogg will be delisted from the New York Stock Exchange and become a wholly owned subsidiary of Ferrero. The deal is expected to close later this year.

This post appeared first on NBC NEWS

Keep Reading
In Politics

David Gergen, trusted White House advisor to 4 US presidents across decades, dies at 83

2 Mins Read

David Gergen, who worked for four presidents, including Richard Nixon, Gerald Ford, Ronald Reagan and Bill Clinton, before becoming an academic and political TV pundit, has died. He was 83. 

Gergen died in a retirement home in Massachusetts on July 10, his son said, according to several outlets. 

The Washington, D.C., veteran had been suffering from Lewy body dementia, his son said. 

Those who knew and admired Gergen took to X to express their condolences. 

Former California first lady Maria Shriver wrote on X: ‘David Gergen was total professional and a really kind man. My thoughts are with his family. He loved politics and he loved being in service to this country.’

‘RIP, Mr. Gergen,’ CBS reporter Robert Costa wrote. 

Former Democratic Tennessee Congressman Harold Ford, Jr. wrote: ‘We lost a good one, a really good one – RIP, my friend David Gergen

Gergen came up with the line that then-candidate Reagan said in the 1980 election: ‘Are you better off than you were four years ago?’ according to The New York Times. 

He later said of the line: ‘Rhetorical questions have great power.’ 

Of his time with the Nixon administration, Gergen told the Washington Post in 1981, ‘I was young, and I was too naive. It hardened me up a lot. It was an extremely difficult experience emotionally, in terms of belief in people.’ 

After leaving public office, Gergen worked as an editor and columnist, as well as for the conservative American Enterprise Institute and the liberal Kennedy School of Government at Harvard University. He was also a commentator for PBS, CNN and NPR. 

‘To say that I rely on him is an understatement,’ Reagan’s White House Chief of Staff, James A. Baker III, told The Washington Post in 1981. ‘He’s the best conceptualizer, in terms of communications strategy, that we have.’

This post appeared first on FOX NEWS

Keep Reading