Intel CEO Pat Gelsinger retires, replaced by David Zinsner and Michelle Johnston Holthaus

Intel announced Monday that CEO Pat Gelsinger has retired. The move follows a turbulent period for the chip pioneer, particularly in artificial intelligence, where it has struggled to keep pace due to the market dominance of companies like Nvidia. To cope with the situation, the company named Chief Financial Officer David Zinsner and executive Michelle Johnston Holthaus as interim co-CEOs while the board searches for a new CEO.