How Intel spurned OpenAI and fell behind the times

The company is now dwarfed by $2.6 trillion rival Nvidia.

Sign up for Reuters newsletters One Essential Read One Essential Read Recommended by Edson Caldas, Newsletter Editor The darling of the computer age fell on harder times in the AI era   Things might have been quite different for US chip giant Intel. REUTERS/Dado Ruvic About seven years ago, Intel had the chance to buy a stake in OpenAI, then a fledgling non-profit research organization working in a little-known field called generative artificial intelligence. The company ultimately decided against a deal.  Its call not to invest in OpenAI, which went on to launch the groundbreaking ChatGPT in 2022, has not previously been made public. It is among a series of strategic misfortunes that have seen the company stumble in the era of AI, reports my colleague Max A. Cherney. Read the full article Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters.com Between June 17 and August 16, Reuters One Essential Read is sent three days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. Reuters Terms & Conditions and Privacy Statement © 2024 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036