Intel missed investing in OpenAI seven years ago due to CEO Bob Swan's skepticism about generative AI.

Intel missed a chance to invest in AI giant OpenAI, the creators of ChatGPT, seven years ago due to then-CEO Bob Swan's skepticism regarding the near-future viability of generative AI models. This decision, combined with Intel's data center unit's reluctance to manufacture products at cost, has been identified as one of several strategic misfortunes that have left Intel struggling to keep up with the rapid advancements in AI. Rivals Nvidia and AMD have embraced AI chips, leading to Intel's lagging position in the market.

August 06, 2024
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