- Last week, comments from technology firms included: Intel CEO Brian Krzanich - “Strength in our data center, Internet of Things and programmable solutions businesses partially offset weaker-than-expected PC revenues … We are evolving from a PC company to a company that powers the cloud and billions of smart connected and computing devices … today, we announced a series of actions that will build on the strength of those franchises and accelerate our strategic transformation. These changes will reduce our global employment by about 12,000 positions by mid-2017.”
- Advanced Micro Devices CEO Lisa Su – “We believe [virtual reality] will be a key long-term demand driver for AMD, across both our consumer and professional graphics offerings, especially as content creators require more powerful GPUs to create fully immersive VR experiences … we are making excellent progress on our strategy to reestablish our presence in the data center market.” Note: AMD also announced a partnership with Tianjin Haiguang Advanced Technology Investment Co., Ltd. , which will pay $293 million for technology and design services for the China market.
- Google CEO Sundar Pichai - "We've always been doing cloud, it's just that we've been consuming it all internally at Google, But as we've grown … we've definitely crossed over to the other side to where we can thoughtfully serve external customers … We've been investing in machine learning and AI for years, but I think we're at an exceptionally interesting tipping point where these technologies are really taking off … That is very, very applicable to businesses as well."
- Regarding Intel - As CEO Krzanich’s addressed the firm’s growth opportunities; the announced layoffs illustrate the challenge of realigning its resources with these business objectives.
- Regarding Advanced Micro Devices - As CEO Su affirms the view that semiconductor growth will be driven by data center/cloud growth, rather than PCs, its focus on graphic processors market could provide significant advantage in the emerging virtual/augmented reality market.
- Regarding Google – As CEO Pichai increases the firm's focus on cloud services and machine learning/AI capabilities, there is still a need to rationalize Google's varied development initiatives.