Intel Loses AI Chief to Nokia

Intel’s AI Chief Leaves to Run Nokia After a Year on the Job
Nokia Oyj will replace Chief Executive Officer Pekka Lundmark with Intel Corp.’s recently appointed head of artificial intelligence Justin Hotard in a surprise announcement as the network equipment maker works to exit a prolonged slump in orders from phone operators.
Intel AI leader named CEO of Nokia
Nokia (NYSE: NOK) said Monday that Justin Hotard will succeed Pekka Lundmark as the Finnish company's new CEO. Intel hired Hotard as executive vice president and general manager of its data center and artificial intelligence group in January 2024.
Nokia Stock Rises After Intel AI Chief Named New CEO
Justin Hotard, Intel’s head of data-center and AI operations, is leaving to head up Nokia. Shares of the telecom-gear maker rallied over 2% in Europe; U.S.-listed Intel shares edged higher premarket.
Nokia Taps Intel's AI Executive As New CEO - Details
Nokia announces a leadership change. CEO Pekka Lundmark will step down in March 2025. Justin Hotard, with over 25 years of tech industry experience, will succeed him on April 1, 2025.
Intel (NASDAQ:INTC) Loses its AI Chief to Nokia
So chip stock Intel (INTC) just lost Justin Hotard to Nokia Oyj (NOK). This might seem like a blow to Intel’s operations, but investors have
Intel’s AI Chief to Part Ways With Chip Maker in Wake of CEO Exit
Intel’s head of data-center and artificial-intelligence operations is leaving the group to take the helm of European telecommunication group Nokia, the latest high-profile departure at the chip maker as it struggles to revamp its business.
Nokia picks Intel exec as first U.S.-born CEO as group pivots to AI boom
Nokia has hired its first CEO from America in a renewed pivot to AI designed to arrest years of low valuations and stagnant revenue growth. The Finnish telecoms group announced the appointment of Justin Hotard,
Nokia Hires Intel’s AI Executive as CEO in Push for Turnaround
Nokia Oyj said it was replacing Chief Executive Officer Pekka Lundmark with Intel Corp.’s Justin Hotard in a surprise announcement as the network equipment maker works to exit a prolonged slump in orders from phone operators.
Nokia picks Intel's AI and data centre leader Hotard as new CEO
Finnish telecoms company Nokia on Monday said Pekka Lundmark would step down as CEO, and that it has appointed Justin Hotard to take over his role. Hotard, who will take up the position on April 1, is currently the executive vice president and general manager of Data Center & AI Group at Intel,
Nokia Names Intel’s Data Center and AI Head Justin Hotard as New Chief Executive
The company appointed Hotard as it moves to diversify and search for new growth areas outside of its traditional telecom operator market.
Intel Loses AI Chief to Nokia Just Months After CEO’s Departure
Chinese automaker Great Wall Motor and China's leading telecoms providers are integrating the AI model released by DeepSeek into their offerings, the latest Chinese companies look
Intel’s AI Chief to Leave Chip Maker in Wake of CEO Exit
Justin Hotard, who joined Intel in February last year, is departing the company to lead Nokia.
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Analysis: Intel Data Center Boss Justin Hotard Leaves After CEO, AI Chip Shake-Ups
Intel data center and AI boss Justin Hotard is leaving to become Nokia’s next CEO—a move that happened not long after the ...
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The Fallout on AI Chipmakers, Infrastructure From DeepSeek
DeepSeek's entry into the AI market triggered a ripple effect, with a potential major impact on chipmakers. Shares of Nvidia, ...
Analyst: ‘Never Bet Against’ Intel (INTC)
Oliver Blanchard from The Futurum Group in a latest program on Schwab Network said that Intel (NASDAQ:INTC) is a wait-and-see ...
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MSI Prestige 16 AI Evo (B2HM) hands-on: Does this Intel Arrow Lake business laptop hit the target?
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Intel Capital fuels TrueFoundry’s $19M funding to help boost AI deployments at scale
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Intel Just Gutted Its AI Chip Ambitions
During its fourth-quarter earnings call on Thursday, Intel disclosed that Falcon Shores was being scrapped as a commercial ...