Programmable Solutions Group Spun-off by Intel | Gestalt IT Rundown: October 4, 2023

Intel is set to spin off its Programmable Solutions Group as an independent business, aiming for an IPO in 2-3 years. PSG, led by Intel's current Data Center and AI Group EVP Sandra Rivera, will operate independently as part of Intel's broader restructuring efforts. Despite PSG's past financial success, Intel believes this shift will enable more agility and growth, targeting markets beyond data centers. The goal is to retain majority ownership while allowing PSG to operate autonomously in the competitive FPGA market, similar to Intel's approach with Mobileye.

Time Stamps:

0:00 Welcome to the Rundown

1:01 - Arrcus Reveals Connected Edge-AI

3:41 - Accedian Acquisition Completed by Cisco

5:42 - Unigen Bakes a Cupcake

9:25 - Cloud Data Security Reach from Cohesity Increases

12:20 - The Formation of the Unified Acceleration Foundation

16:17 - Toshiba is Going Private

19:27 - Programmable Solutions Group Spun-off by Intel

29:09 - The Weeks Ahead

30:17 - Thanks for Watching

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