How Chip Giant Intel Spurned OpenAI and Fell Behind in AI Race
Intel’s Missed Opportunity with OpenAI Around seven years ago, Intel had a chance to invest in OpenAI, then a nascent non-profit focused on generative artificial intelligence. Discussions between the two companies included Intel potentially acquiring a 15% stake for $1 billion and an additional stake if they produced hardware for OpenAI at cost. However, then-CEO…