Intel made a billion dollar blunder when it declined to invest in OpenAI
The decision was made several years ago
Facepalm: Bob Swan made the fateful decision not to invest in OpenAI when he had the chance. He served as Intel’s CEO from 2018 to 2021, transitioning from his previous role as CFO, where his focus was more on financial management than on technology. During his tenure as CEO, he faced criticism for not having a strong technical background. This lack of tech insight is seen as a contributing factor to Intel’s missed opportunities in the AI sector, which may wind up being his ultimate legacy.