Intel fumbled the bag hard on this one. Back in 2017, they had the chance to snag a 15% stake in OpenAI for a cool $1 billion. But Bob Swan, the CEO at the time, didn’t think AI was gonna blow up anytime soon.
Fast forward to now, and OpenAI is a huge player in the AI game, thanks to ChatGPT and billions in investment from Microsoft. Intel’s AI game is lagging while Nvidia’s making bank. Talk about a missed opportunity!
Swinghodler on
Retardio
Greensentry on
OpenAI is a money losing business. The Azure bill would have killed Intel. That computing power is not cheap.
wierdjokes on
Of course they did. If they did something right, it was an accident.
Longjumping-Week8761 on
Lol so add this to the list of deals they’ve fucked themselves over with… Apple, OpenAI, NVIDIA …
Please BAN the word Intel… It’s a shit company
[deleted] on
[deleted]
raynorelyp on
It was a smart move. OpenAI isn’t profitable and only surviving because Microsoft subsidizes their cloud costs heavily. Intel doesn’t have as much money to burn and doesn’t own their own world leading cloud.
SpaceToaster on
The Next Xerox.
Inglourious-Ape on
Int’L
syaz136 on
They were right in that. These AI innovations are cash incinerators. The power they consume to do work is insane.
sunfishcc on
It’s the right decision. If OpenAI run by Intel, it’s probably CPU based. What they have achieved isn’t possible.
981flacht6 on
7 years ago is a long time ago. OpenAI probably would have been shit now too.
Puzzleheaded_Owl_417 on
Intel is like Yahoo.
OfficialHavik on
Intel fumbling this too is so on brand for them. Fumbled the iPhone, fumbled cloud, fumbled GPUs and accelerators, fumbling AI currently. This is so on brand for them.
Gorn15 on
How did intel manage to literally miss out on all trends the last two decades ?
Troflecopter on
Based on all the WSB comments and intel, I am pretty sure the intel bottom is in.
InitialRevenue3917 on
in 2017 wasn’t it still a non profit open source?
highlyregarded999 on
Holy fuk everyone is dunking on Intel
Great-Ad-4416 on
And I give up a chance to buy the winning lottery numbers before it came out.
What’s the point?
HeavyRightFoot19 on
Whenever a company dies everyone always says what they could have done but they quite literally died because they did not have good decision makers. Hindsight can’t run a company.
King-Doge-VII on
Grandma thought heaven would be better than this
Pitiful_Wrap2831 on
INTC is the boomer stock mentality personified
Numerous_Teacher_392 on
How much money has OpenAI made?
BKIK on
These comparisons are pointless. If it did buy a stake – it would probably shift OpenAI into a different direction and it wouldn’t be as successful as it is now.
Ayrane on
Just makes Intel CEO a mod already. There must be a strict rule about not posting religious stuff for him though
30 Comments
L after L for intel
Intel fumbled the bag hard on this one. Back in 2017, they had the chance to snag a 15% stake in OpenAI for a cool $1 billion. But Bob Swan, the CEO at the time, didn’t think AI was gonna blow up anytime soon.
Fast forward to now, and OpenAI is a huge player in the AI game, thanks to ChatGPT and billions in investment from Microsoft. Intel’s AI game is lagging while Nvidia’s making bank. Talk about a missed opportunity!
Retardio
OpenAI is a money losing business. The Azure bill would have killed Intel. That computing power is not cheap.
Of course they did. If they did something right, it was an accident.
Lol so add this to the list of deals they’ve fucked themselves over with… Apple, OpenAI, NVIDIA …
Please BAN the word Intel… It’s a shit company
[deleted]
It was a smart move. OpenAI isn’t profitable and only surviving because Microsoft subsidizes their cloud costs heavily. Intel doesn’t have as much money to burn and doesn’t own their own world leading cloud.
The Next Xerox.
Int’L
They were right in that. These AI innovations are cash incinerators. The power they consume to do work is insane.
It’s the right decision. If OpenAI run by Intel, it’s probably CPU based. What they have achieved isn’t possible.
7 years ago is a long time ago. OpenAI probably would have been shit now too.
Intel is like Yahoo.
Intel fumbling this too is so on brand for them. Fumbled the iPhone, fumbled cloud, fumbled GPUs and accelerators, fumbling AI currently. This is so on brand for them.
How did intel manage to literally miss out on all trends the last two decades ?
Based on all the WSB comments and intel, I am pretty sure the intel bottom is in.
in 2017 wasn’t it still a non profit open source?
Holy fuk everyone is dunking on Intel
And I give up a chance to buy the winning lottery numbers before it came out.
What’s the point?
Whenever a company dies everyone always says what they could have done but they quite literally died because they did not have good decision makers. Hindsight can’t run a company.
Grandma thought heaven would be better than this
INTC is the boomer stock mentality personified
How much money has OpenAI made?
These comparisons are pointless. If it did buy a stake – it would probably shift OpenAI into a different direction and it wouldn’t be as successful as it is now.
Just makes Intel CEO a mod already. There must be a strict rule about not posting religious stuff for him though
Shocking. Another inteLLLLLL
OpenAI is the new Tulips.
Don’t care. More narrative for the bagholders.
Was that a wise choice?