Largely due to skepticism about generative intelligence systems.
To the agency Reuters It was possible to find out that in the distant 2017, Intel management discussed the possibility of investing in the OpenAI startup, which later gave the world ChatGPT and essentially launched the boom in generative artificial intelligence systems that is still observed today.
Image source: JHVEPhoto
At that stage, OpenAI wanted to gain access to Intel’s computing accelerators, which it planned to receive from a potential investor at cost. At least two deal options were discussed. Either Intel would receive 15% of OpenAI shares for $1 billion, or it would receive a similar share for the obligation to sell its accelerators for the needs of this startup at cost. At that time, Intel’s management not only did not believe in the potential of generative artificial intelligence technologies over the next few years, but also did not want to sell products at cost, so the deal did not take place.
