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OpenAI's $200 Christmas gift

 OpenAI is introducing a premium subscription tier for its ChatGPT service and officially rolling out its "reasoning" model series with an updated release. The o1 model, which debuted as a limited preview in September under the codename "Strawberry," is now being launched in its full version to replace the preview. Starting today, this updated model will be accessible to ChatGPT Plus and Team subscribers, with availability expanding to Enterprise and Edu users next week. As part of its updates, OpenAI is launching ChatGPT Pro, a new subscription plan priced at $200 per month. This plan offers unlimited access to OpenAI o1, GPT-4o, and Advanced Voice Mode. It also features an exclusive version of o1, known as "o1 pro mode," which leverages additional computational power to tackle complex problems with high accuracy. The existing ChatGPT Plus tier, priced at $20 per month, will remain available, providing early access to new features and models—excep...
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The Intel Turnaround?

Intel is restructuring its operations by spinning off its chipmaking business into an independent subsidiary, Intel Foundry. This move aims to reverse significant financial losses and a declining stock price.

In a recent announcement, Intel CEO Pat Gelsinger stated that the Intel Foundry will operate as a separate entity with its own board of directors and financial reporting. This increased independence is intended to enhance the subsidiary's ability to attract external investment and partnerships.

To streamline its operations and focus on core competencies, Intel has also decided to temporarily halt construction on new factories in Poland and Germany. However, the company remains committed to its planned facilities in Arizona, Oregon, New Mexico, and Ohio.

Intel is implementing a comprehensive restructuring plan to address its financial challenges and regain its position as a leading chipmaker. As part of this plan, the company intends to sell a portion of its stake in Altera, a programmable chip company acquired in 2015. Additionally, Intel will significantly reduce its global real estate footprint, aiming to cut costs and streamline operations.

In a positive development, the Biden administration recently awarded Intel up to $3 billion in funding to support domestic chip manufacturing for the US military. This government support is expected to play a crucial role in Intel's efforts to revitalize its chipmaking business.

Intel has been facing numerous challenges, including production issues with its 13th and 14th Gen CPUs. These difficulties contributed to a reported loss of $1.6 billion in the first quarter of 2024, with the chipmaking business alone incurring operating losses of $7 billion in 2023. In response, the company announced layoffs affecting 15,000 workers earlier this year, and it is now nearing completion of this workforce reduction.

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