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Why Intel is late to the AI game

Fortune
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Intel CEO Pat Gelsinger is betting the company on 18A , a new chipmaking process.

Intel is investing nearly $30 billion for the construction of two state-of-the-art semiconductor plants, or fabs, in Chandler , Ariz. , outside Phoenix .

The company is also cutting its workforce by 15% , which translates to roughly 15,000 jobs.