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Intel in crisis: chipmaker considers drastic change to catch AI rivals

Senior departures and plunging share price hit chief executive Pat Gelsinger’s plans for company turnaround
Intel’s problems come three years into Pat Gelsinger’s five-year plan to turn it into a chipmaking powerhouse

Intel chief executive Pat Gelsinger received an unusually direct demand from the company board in the spring of last year: pay closer attention to its strategy on artificial intelligence.

According to three people familiar with the directive, the board expressed concern it would miss out on a new multibillion-dollar market to create chips that power generative AI which had emerged in the months after OpenAI launched ChatGPT.

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