Intel Refused to Acquire OpenAI Years Ago

OpenAI, is undoubtedly one of the most important companies of today. The US-based company is leading the productive artificial intelligence revolution with ChatGPT. Of course, its value is estimated to be billions of dollars. Months ago, information emerged that it was worth around $80 billion. It is currently possible to estimate that this amount has increased even more.

The information revealed today reveals that Intel, which is currently going through a very bad period, missed the OpenAI opportunity years ago. According to Reuters, based on sources familiar with the matter, the chip giant He turned down the chance to own OpenAI.

OpenAI was not acquired because Intel CEO thought generative AI would not come out anytime soon and the investment would be wasted

Events in 2017 and 2018 happened. OpenAI was a non-profit research organization at the time. In 2019, it transformed into a limited-profit organization, whose profits are managed by a foundation, which still continues.

Intel seized the opportunity to acquire shares in this newly established company. The two sides discussed different options in 2017 and 2018. Even sometime 15% stake in exchange for $1 billion in cash Alma is also included in these. Also Intel’s 15% more share if it produces hardware It was also talked about that he could get it. In other words, the chip giant could own OpenAI by acquiring a majority stake.

However, Intel CEO Bob Swan said generative artificial models will not be released in the near future and Intel’s investment “it will go to waste” he thought. As we all know, what Swan thought did not happen, and just 7 years later, productive artificial intelligence literally took over the world. So Intel CEO made one of the worst decisions in history.

Reuters sources say the reason why OpenAI wants to receive investment from Intel is Reducing reliance on NVIDIA chips He also added that it was. initiative, this way its own infrastructure He wanted to create. However, this did not happen due to Intel’s reluctance.

It should be noted that Intel left behind an incredibly bad quarter. The technology giant fell below $100 billion for the first time in 30 years. In the last quarter, 1.68 billion dollars net loss The shares of the affected company also experienced a huge decline of around 26%. At the same time, the company laid off 15 thousand employees. If OpenAI had been acquired, perhaps Intel would never have faced such days.