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Intel CEO Lip-Bu Tan faces scrutiny over pushing acquisitions of AI startups where he held leadership roles, leading to a bidding war with Meta.
Intel CEO Lip-Bu Tan faces scrutiny over potential conflicts of interest after pushing for acquisitions of AI startups Rivos and SambaNova, companies where he held leadership roles.
Though Intel’s board initially rejected a purchase of Rivos due to conflicts and lack of strategy, Tan directed a subordinate to develop a new AI plan, leading to partnership talks that escalated into a bidding war with Meta.
Meta ultimately acquired Rivos for $4 billion, up from a $2 billion target, increasing shareholder value.
Tan’s venture firm praised the outcome, but his personal financial gains remain unclear.
Intel has recusal policies in place, and the company says Tan’s industry connections helped secure major investments from Nvidia and SoftBank.
El CEO de Intel, Lip-Bu Tan, se enfrenta a un escrutinio por impulsar las adquisiciones de startups de IA donde ocupó roles de liderazgo, lo que llevó a una guerra de ofertas con Meta.