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Intel Spins Off Capital to Boost Funding Efforts

1/16/2025

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Summary

Story summary

Intel will spin off Intel Capital into an independent firm to attract external funding.
Established in 1991, the venture arm has $5 billion in assets and aims for independence by late 2025.
This decision follows Intel's restructuring after a tough financial year and leadership shifts.
London-based AI start-ups raised a record $3.5 billion in 2023, leading Europe in venture capital.
London ranks third globally for AI funding, with notable growth in health tech and 120 unicorns.

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Story summary

Intel will spin off Intel Capital into an independent firm to attract external funding.
Established in 1991, the venture arm has $5 billion in assets and aims for independence by late 2025.
This decision follows Intel's restructuring after a tough financial year and leadership shifts.
London-based AI start-ups raised a record $3.5 billion in 2023, leading Europe in venture capital.
London ranks third globally for AI funding, with notable growth in health tech and 120 unicorns.