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- Intel’s CEO under fire!
Intel’s CEO under fire!
🇨🇳💥
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
💼 Senator challenges Intel CEO over China-linked investments
🤖 OpenAI releases first open-weight AI models since 2019
💬 What fintech leaders think about transparency in AI and global chip security
U.S. Senator Tom Cotton is pressing Intel about CEO Lip-Bu Tan’s past China business links and a recent Cadence scandal.
🚨 Breaking News
Cotton’s letter questions Tan’s investments in Chinese firms and Cadence’s $140M fine for selling chip tools to a Chinese military university.
⚡ Wire Simplified
Senator Cotton sent Intel’s board a list of tough questions about new CEO Lip-Bu Tan’s China-related business history.
Tan previously led Cadence Design, which just paid $140M over illegal sales to a Chinese military-linked university.
Reuters reported Tan invested $200M+ in Chinese chip firms from 2012 to 2024, some tied to the Chinese military.
Intel gets U.S. federal funds for defense chips, making national security scrutiny even sharper.
Intel says both it and Tan are committed to U.S. national security and will respond to the Senator.
✔️ Straight to the Point
This is about chips, China, and trust, and whether Intel’s top boss can juggle profits and U.S. national security.
🎤 Should CEOs with big foreign investments lead companies with U.S. defense contracts? |
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OpenAI, the brains behind ChatGPT, just launched two open-weight AI models so anyone can run and tweak them.
🚨 Breaking News
Meet gpt-oss-120b and gpt-oss-20b, cheaper, customizable AI models that run on laptops, servers, or even your toaster (maybe).
⚡ Wire Simplified
OpenAI’s first open-weight releases since GPT-2 in 2019 are finally here.
Models are big (120B) and medium (20B) parameter versions, designed for flexible, low-cost AI work.
Can run on consumer PCs, in the cloud, or on-device apps like LM Studio and Ollama.
Partnerships with Nvidia, AMD, Cerebras, and Groq make them compatible across different chips.
Safety tests filtered harmful data and tested against malicious fine-tuning before launch.
✔️ Straight to the Point
OpenAI’s gone open-weight, giving devs freedom and control while still locking the dangerous stuff behind safety checks and filters.
we have a lot of new stuff for you over the next few days!
something big-but-small today.
and then a big upgrade later this week.
— Sam Altman (@sama)
3:51 PM • Aug 5, 2025
There are things that regular code will always do better than AI.
In fact, most software will still rely on ol’ plain regular code, not LLMs.
I remember when OOP became a thing. Everyone and their mother wanted to write classes instead of structured functions.
It’s hard to
— Santiago (@svpino)
3:29 PM • Aug 5, 2025
Middle East Banking Innovation Summit 2025
This event highlights the FinTech revolution in the Middle East, focusing on payments, digital currencies, and open banking.
Date: September 2025 | Location: Dubai, UAE
What do you think about today’s edition? |
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