t is understood the bug is present in modern Intel processors produced in the past decade. It allows normal user programs – from database applications to JavaScript in web browsers – to discern to some extent the layout or contents of protected kernel memory areas.The fix is to separate the kernel’s memory completely from user processes using what’s called Kernel Page Table Isolation, or KPTI. At one point, Forcefully Unmap Complete Kernel With Interrupt Trampolines, aka FUCKWIT, was mulled by the Linux kernel team, giving you an idea of how annoying this has been for the developers.
At best, the vulnerability could be leveraged by malware and hackers to more easily exploit other security bugs.

At worst, the hole could be abused by programs and logged-in users to read the contents of the kernel’s memory. Suffice to say, this is not great. The kernel’s memory space is hidden from user processes and programs because it may contain all sorts of secrets, such as passwords, login keys, files cached from disk, and so on. Imagine a piece of JavaScript running in a browser, or malicious software running on a shared public cloud server, able to sniff sensitive kernel-protected data.

Specifically, in terms of the best-case scenario, it is possible the bug could be abused to defeat KASLR: kernel address space layout randomization. This is a defense mechanism used by various operating systems to place components of the kernel in randomized locations in virtual memory. This mechanism can thwart attempts to abuse other bugs within the kernel: typically, exploit code – particularly return-oriented programming exploits – relies on reusing computer instructions in known locations in memory.

Source: ‘Kernel memory leaking’ Intel processor design flaw forces Linux, Windows redesign • The Register

This very specifically could mean that you can’t seperate Virtual Machines properly any more.

AMD is quite chuffed to not be affected.