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Intel faces class action lawsuits regarding Meltdown and Spectre

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Intel CEO addresses Spectre and Meltdown bugs in CES keynote

There's still no word on a timeline for when affected processors made over five years ago will be patched.

"The collaboration among so many companies to address this industry-wide issue, across several different processor architectures, has been truly remarkable", Krzanich said.

Researchers alerted Intel to the chip flaws in June.

"Because chip replacements are not going to happen tomorrow, realistically, software is being updated", Sitaram Chamarty, a Tata Consultancy Services security researcher, told CNNMoney.

"Security is job number one for Intel and our industry", he said.

At the end of the evening, Krzanich brought a "Volocopter" on stage, an autonomous helicopter little bigger than a auto, which uses Intel technology to navigate through the air.

It also emerged that Brian Krzanich, Intel's chief executive, sold millions of dollars worth of shares in November before the public knew about the bug.

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Krzanich's words represented a strong shift from the usually upbeat tone of Intel's CES keynote speeches, one of the regular hallmarks of the weeklong event. Intel hopes that cars driven by machines could create enormous new demand for its computer chips because of the enormous computing power those vehicles require. According to an article from the New York Times, Meltdown is a huge threat to the way cloud-computing systems operate but could be stopped by software patches.

Intel finds itself in the middle of this problem as they are the world's largest supplier of processors used in today's personal computers.

Intel and its partners said the fixes should be largely in place this week. One widely distributed barb came from Linus Torvalds, the creator of the Linux operating system, who posted a testy message last week advising Intel to "take a long hard look" at its chips "and actually admit that they have issues instead of writing P.R. blurbs that say that everything works as designed".

The content play is not ending there. While he didn't address the shakeup in Monday's keynote, Krzanich began his remarks by addressing the security issue head-on.

In another AI move, the company announced that a new chip it has been developing, Loihi, which "mimics the way brains observe, learn and understand", is now functioning and will be making its way to research partners in 2018.

Either way, the costs for Intel after Meltdown and Spectre could be significant.

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