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From the heart of where innovation, money, and power collide in Silicon Valley and beyond.

This is Bloomberg Technology with Caroline Hyde and Ed Ludlow.

Live from New York, this is Bloomberg Technology.

Coming up, Intel shares rise.

A CEO, Pat Gelsinger, leaves the company after a failed turnaround effort.

Plus, Tesla and BYD ramp up discounts and incentives in China in a final push to meet annual sales targets.

And Ten Storant nabs a $2.6 billion dollar valuation after backing from Jeff Bezos and

NVIDIA.

We sit down with the CEO and chip design legend Jim Keller later this hour.

But first, a check on these markets, a check in on Intel.

We dive straight there.

We up more than 3%.

On the back of the news that Intel CEO, Pat Gelsinger, is leaving the company.

And is indeed going to be two interim CEOs that take the helm for the time being.

CFO, David Sincner, Michelle Johnston Halthos, going to be serving as the interim leaders

as the board searches for a replacement.

...