Intel's CEO, Lip-Bu Tan, will now oversee the company's AI initiatives after the departure of chief technology officer Sachin Katti to OpenAI. This move comes amid ongoing challenges for Intel in the competitive AI chip market.

The U.S. government is exploring the possibility of taking a stake in Intel following former President Trump's call for CEO Lip-Bu Tan to resign over his ties to Chinese tech investments. This move aligns with officials' efforts to bolster American semiconductor manufacturing and compete with dominant players like Taiwan Semiconductor Manufacturing. Intel's stock rose significantly amid these discussions.