00:00 It's Benzinga and here's what's on the block.
00:02 Intel has appointed Justin Hotard as the new Executive Vice President and General Manager
00:06 of its Data Center and AI group. Hotard was previously responsible for Hewlett Packard
00:11 Enterprises' high-performance computing, AI, and labs businesses. He will take over the role from
00:15 Intel veteran Sandra Rivera, who will now head the Programmable Solutions business.
00:20 A data center unit is crucial to Intel's turnaround plans under CEO Pat Yelsinger,
00:24 as it aims to regain chip industry leadership. Data center chips are relatively low volume,
00:28 but highly profitable for Intel and other chip makers. Hotard will oversee Intel's efforts to
00:33 cut into NVIDIA's large lead in the AI market with its graphics and accelerator chips.
00:37 For all things money, visit Benzinga.com.
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