Around 2017-2018, Intel had the chance to invest in OpenAI, including a potential $1 billion stake, but ultimately decided against it.
Then-CEO Bob Swan was skeptical about the market readiness of generative AI models, which influenced Intel's decision to pass on the investment.
OpenAI was interested in Intel's investment to reduce its reliance on Nvidia's chips and build its own infrastructure.
Intel's decision not to invest in OpenAI is part of a series of strategic missteps that have seen the company struggle in the AI era.
Intel's recent financial struggles, including a significant stock price decline, highlight the consequences of missing out on key opportunities in the AI sector.