The technology giant Intel has encountered a significant setback recently, falling behind rivals Nvidia and Advanced Micro Devices (AMD). The tech firm’s initial decision to ignore tapping into generative AI has presented it with a stockpile of setbacks in today’s AI-driven era. Reportedly, Intel constantly declined opportunities to hold a significant stake in OpenAI, a pioneer in generative artificial intelligence industry. This chronicle appears to have presented the firm with a major setback, as seen with its stock price constantly declining in the interim.
Intel Misses OpenAI Deal
According to an X post by ‘Walter Bloomberg’ today, Intel had been in talks with OpenAI for up to a significant 30% stake in the AI firm. However, according sources referred to by Reuters, no such deal happened, with the tech firm missing the opportunity.
Intriguingly, the investment talks started around seven years ago when OpenAI was budding. However, the then-CEO Bob Swan did not believe in gen
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