Intel has notified attendees of its Innovation event scheduled for late September about its postponement to 2025. The decision comes after the company lost money in its last quarter, triggering mass layoffs, a huge capitalization drop, and an uninspiring business outlook as it deals with issues with its degrading 13th and 14th Generation Core CPUs. The delay is not expected to have any impact on Intel's launch plans for this year, at least for now.
"After careful consideration, we have made the decision to postpone our Intel-hosted event, Intel Innovation in September, until 2025," a statement by Intel reads. "For the remainder of 2024, we will continue to host smaller, more targeted events, webinars, hackathons and meetups worldwide through Intel Connection and Intel AI Summit events, as well as have a presence at other industry moments."
