Reported 2 months ago
Intel had the chance to acquire a 15% stake in OpenAI for $1 billion in 2017 and 2018 but opted out, believing that generative AI would not be successful soon. Since then, Intel's fortunes have declined significantly as it struggles to compete in the lucrative AI sector, while OpenAI has thrived with its technologies like ChatGPT, highlighting Intel's failure to adapt in a market increasingly dominated by competitors like Nvidia.
Source: YAHOO