Self-driving cars include vehicles equipped with advanced sensors, cameras, and AI algorithms, that can navigate, make decisions, and drive without human intervention. Ranging from partial to full automation, these vehicles aim to revolutionize transportation by improving safety, reducing traffic congestion, and providing mobility solutions for those unable to drive. Self-driving cars have the potential to improve safety and efficiency as automated vehicles may significantly reduce road accidents caused by human error. The potential market of autonomous vehicles is projected to grow exponentially in the coming decades and disrupt the automotive and transportation industries.
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Facing difficulties in AI transformation, performance losses, and a market cap shrinkage of nearly half, intel's CEO was "forced" to retire, and the stock price once surged more than 5.7%.
Pat Gelsinger, the CEO who worked at intel for over 40 years, officially retired on December 1, Eastern Time. During his nearly four-year tenure, despite intel setting ambitious plans, its market position continued to decline. The board of directors lost confidence in his ability to turn the situation around, ultimately giving him the choice to retire or be dismissed; Gelsinger chose to end his career at intel. After the announcement, intel's stock price rose over 5.7% during trading on Monday.
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