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Intel Stock Dips as OpenAI Rejects Chip Partnership

Intel Stock Dips as OpenAI Rejects Chip Partnership

Author:

Global Cryptocurrency

Published:

2025-11-12 23:44:02

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BTCCSquare news:

Intel's shares (NASDAQ:INTC) edged lower Wednesday after OpenAI confirmed it WOULD not purchase chips from the semiconductor giant. The decision marks a stark reversal from 2017, when Intel reportedly turned away OpenAI's early investment overtures. Market reaction remained muted, with Intel dipping less than 1% in afternoon trading.

The AI research firm's snub compounds Intel's recent talent drain—Sachin Katti, former head of Intel's AI division, recently joined OpenAI. Carnegie Mellon's Tim Derdenger framed the rejection bluntly: "Why go back to a firm that has an inferior product and also snubbed you?" OpenAI's search for alternative chip suppliers to challenge Nvidia's dominance continues, with Intel conspicuously absent from consideration.

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