Ex-Intel admits making ‘bad decisions’; defends US govt stake; accepts firm lagged in AI
Former Intel CEO Pat Gelsinger attributed the company's AI race struggles to 15 years of poor decisions and a loss of technical leadership. He emphasized the need for leading R&D and domestic manufacturing, defending the US government's equity stake based on its ability to expand Intel's fabs. Gelsinger also expressed disappointment with the slow deployment of CHIPS Act funds.
Former Intel CEO Pat Gelsinger attributed the company's AI race struggles to 15 years of poor decisions and a loss of technical leadership. He emphasized the need for leading R&D and domestic manufacturing, defending the US government's equity stake based on its ability to expand Intel's fabs. Gelsinger also expressed disappointment with the slow deployment of CHIPS Act funds.
