In 2024 it lost 18.8 billion US dollars, its first annual loss since 1986. Millions bought the kits, and the company floated in 2021 at a valuation of about 3.5 billion US dollars. In July 2025 Tan set out his own plan for Intel: smaller teams, cancelled side-projects and a foundry that would take on outside customers before building fresh capacity. The MIT team had found the same approach among the five per cent of AI projects that returned money. The company Peter Carlsson founded had been valued at 12 billion US dollars a year before it collapsed.