Intel CEO Takes Charge of AI Division After CTO Joins OpenAi

Intel Corporation announced that Chief Executive Officer Lip-Bu Tan will now directly oversee the company’s artificial intelligence operations following the departure of Chief Technology Officer Sachin Katti, who has joined OpenAI. Katti will reportedly lead OpenAI’s compute infrastructure development — a vital role in powering artificial general intelligence (AGI) research and large-scale applications.

The move underscores the fierce competition for top AI talent as chipmakers and AI labs race to develop next-generation computing systems. Intel said in a statement that AI remains a top strategic priority, and the company is doubling down on executing its product roadmap for emerging workloads under Tan’s leadership. However, the transition adds pressure on Intel, which continues to struggle in its foundry business and faces tough competition from Nvidia and AMD in the AI chip segment.

Tan, who became CEO earlier this year, has been reshaping Intel’s leadership structure to accelerate innovation and streamline operations. Analysts view his direct involvement in AI as a signal that Intel aims to close the gap in high-performance computing and reposition itself as a key player in the AI hardware space.

Technical Outlook:

Intel shares are currently trading around $38 after a sharp rally that broke a long-term downtrend line. The chart indicates the stock is now testing major resistance near the $40 level. A breakout and retest above this zone could pave the way for a move toward $68–$70, aligning with the bullish scenario shown. However, if the price fails to hold above the trendline, a correction back toward $28 or even $20 remains possible.

Investors are watching closely as Intel’s leadership changes and AI strategy could determine whether this breakout sustains or fades.