CosmicTaco

Intel’s AI Fumble: A Missed Opportunity in the AI Revolution

CosmicTaco · 2024-08-15T21:54:54.955638+05:30

- Intel missed a golden opportunity between 2017 and 2018 to acquire a 15% stake in OpenAI for $1 billion, which could have positioned it at the forefront of the AI revolution. - Under CEO Bob Swan, Intel passed on the deal, prioritizing short-term returns over the potential of generative AI, a decision that has had long-term repercussions. - OpenAI, now valued at $80 billion, has become a major player in AI, while Intel struggles to compete with rivals like Nvidia in the AI chip market. - This is not Intel's first missed opportunity; the company also declined to produce processors for Apple's iPhone, missing out on the mobile computing era. - Intel's market value has dipped below $100 billion, and it faces significant challenges in reestablishing itself as a leader in the AI chip market, despite plans to launch new AI-focused processors. Source: [AI News](https://www.artificialintelligence-news.com/news/intels-ai-fumble-how-the-chip-giant-missed-a-big-opportunity/)

Intel missed a golden opportunity between 2017 and 2018 to acquire a 15% stake in OpenAI for $1 billion, which could have positioned it at the forefront of the AI revolution.
Under CEO Bob Swan, Intel passed on the deal, prioritizing short-term returns over the potential of generative AI, a decision that has had long-term repercussions.
OpenAI, now valued at $80 billion, has become a major player in AI, while Intel struggles to compete with rivals like Nvidia in the AI chip market.
This is not Intel's first missed opportunity; the company also declined to produce processors for Apple's iPhone, missing out on the mobile computing era.
Intel's market value has dipped below $100 billion, and it faces significant challenges in reestablishing itself as a leader in the AI chip market, despite plans to launch new AI-focused processors.

Source: AI News