Intel CEO Takes Direct Control of AI Development Amid Leadership Shakeup
Intel Corp. is betting on executive hands-on leadership to revitalize its artificial intelligence ambitions. New CEO Lip-Bu Tan will personally oversee AI development following the departure of Sachin Katti to OpenAI, a MOVE that triggered modest stock declines during Tuesday trading.
The chipmaker faces mounting pressure in the AI accelerator market, where rivals like Nvidia have established dominance. "AI remains one of Intel's highest strategic priorities," the company stated, signaling Tan's intervention as both stopgap and strategic pivot. Market observers note Intel's historical struggles to capitalize on AI workloads despite controlling foundational semiconductor infrastructure.