Reuters Reported Intel Passed On A $1B 2018 Investment In OpenAI, For A Stake Of Up To 30%, Citing Sources
Portfolio Pulse from charles@benzinga.com
Reuters reported that Intel passed on a $1 billion investment in OpenAI in 2018, which could have given it a stake of up to 30%, according to sources.
August 07, 2024 | 11:06 am
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NEGATIVE IMPACT
Intel reportedly passed on a $1 billion investment in OpenAI in 2018, which could have given it a stake of up to 30%.
The news highlights a missed investment opportunity for Intel, which could negatively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
While not directly mentioned in the article, Microsoft is a significant investor in OpenAI, which could benefit from Intel's missed opportunity.
Microsoft's existing investment in OpenAI could be viewed more favorably as Intel's missed opportunity highlights the value of OpenAI.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50