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Intel pursued deals that boosted CEO Lip-Bu Tan's fortune: Report
Intel's CEO Lip-Bu Tan influenced AI startup deals boosting valuations above $2 billion, raising questions over conflicts of interest and personal financial gains.
- Intel CEO Lip-Bu Tan pitched deals for Intel to acquire startups like Rivos and SambaNova, where he had financial stakes.
- Intel pursued buying AI chip startup Rivos after Meta's interest drove up its valuation to around $4 billion.
- Tan's venture capital firm touted the 'successful outcome' from Intel's pursuit of Rivos, where Tan was a shareholder.
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Intel CEO Lip-Bu Tan is expected to indirectly benefit from Intel's investments through its numerous investments, including Meta's car rental of Rivos. (Lip-Bu Tan, Intel)
Coverage Details
Total News Sources9
Leaning Left0Leaning Right1Center6Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
14%
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