When legendary former Intel CEO Andy Grove wrote his bestseller “Only the Paranoid Survive” in 1996 about how to predict tech inflection points that might undermine a business, the notion that his company might face such a risk was purely theoretical.
当传奇的前英特尔CEO安迪·格鲁夫（Andy Grove）在1996年撰写其畅销书《只有偏执狂才能生存》时，书中关于如何预测可能动摇企业根基的技术转折点的内容，对于他的公司可能会面临这样的风险还只是一个理论上的概念。
At the time, Intel was the world’s largest producer of computer chips, and its technology was housed inside nearly every PC. Grove’s mission was for his leading American tech company to do more than just supply the parts, but to drive an ambitious vision for the future of computing in which PCs would be used for everything from watching movies and playing games to storing photos and staying connected to friends. Intel would power all of them.
当时，英特尔是全球最大的计算机芯片制造商，其技术几乎内置于每一台个人电脑中。格鲁夫的任务不仅是让这家领先的美国科技公司不仅仅提供组件，还要推动一个宏大的愿景，即个人电脑将被用于从观看电影和玩游戏到存储照片以及与朋友保持联系等一切活动，而英特尔将成为这一切背后的驱动力。
Intel may have predicted the evolution of PCs, but it missed the boat on both mobile computing and the AI boom, the two major technology waves that have defined the past decade and a half. That means nearly two decades after Grove outlined his vision, Intel is a shell of its former self.
虽然英特尔成功预测了个人电脑的发展演变，但它却未能抓住移动计算和人工智能这两大在过去十五年间定义科技行业的关键技术浪潮。这意味着，在格鲁夫描绘其愿景近二十年后，英特尔已经失去了往日的辉煌。
Intel’s stock hit its all-time high more than 24 years ago: on August 31, 2000. In recent years it has plunged — it is currently down a stunning 68% from its record. In August, the company said it would lay off 15% of its staff as part of an effort to slash $10 billion in costs. And last month, Intel lost its spot in the Dow Jones Industrial Average to Nvidia, marking the end of a 25-year run that began when it was among the first two technology firms to be included in the blue-chip index.
英特尔的股票在24年前，即2000年8月31日，达到了历史最高点。近年来，其股价大幅下跌——目前较历史高点惊人地下跌了68%。在8月份，公司宣布将裁员15%，作为削减100亿美元成本努力的一部分。而上个月，英特尔失去了其在道琼斯工业平均指数中的位置，被英伟达（NVIDIA）取代，这标志着英特尔长达25年的蓝筹股地位的结束，该地位始于它成为首批被纳入这一重要指数的两家科技公司之一。

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