Intel and AWS introduced the Intel Automotive Virtual Development Environment on AWS, which ensures true hardware and software parity from cloud to car, integrating Intel Xeon processor-based Amazon EC2 instances and incorporating Intel's Automotive SDV SoCs within the AWS environment. Also this week, Intel launched a new suite of Intel Core Ultra (Series 2) processors to boost mobile computing for businesses, creators, and gamers. Intel's latest processors offer AI enhancements. It aims to drive its AI PC product portfolio in 2025 and beyond. Intel stock plunged 59% in the last 12 months after failing to tap the AI frenzy that catapulted contract chipmaker Taiwan Semiconductor Manufacturing Co TSM into a trillion-dollar company.