Gelsinger Conceded in Japan He Underestimated AI

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Kazuyuki OKUDAIRA 奥平 和行, Ex-Intel CEO Says US Manufacturing Needs Long-Term 'Patient Capital.'  Nikkei Asia, July 3, 2025 (partially locked befind pay wall).
https://asia.nikkei.com/Editor-s ... erm-patient-capital
("He acknowledged, however, that 'I and pretty much everybody underestimated' the impact of artificial intelligence, as concentrated investment in AI chips squeezed Intel's finances. 'In hindsight, I would have spent more time early getting more capital on the balance sheet,' he said")

By "concentrated investment in AI chips squeezed Intel's finances," Patrick Gelsinger meant to say: concentrated investment [by Intel] in AI chips [would have] squeezed Intel's finances.

However, While he was Intel's CEO, he did not believe artificial intelligence would be huge, and people as well as companies would buy AI chips -- so Intel completely missed and misses the AI boom.