I and pretty much everybody underestimated the impact of artificial intelligence. If you look at AI chips today, the performance of the chips has continued to increase for AI computation, but the power efficiency of those chips hasn't changed for three generations.

Intel's Former CEO Pat Gelsinger Says He Underestimated The Impact of AI — A Misstep That Left Team Blue Struggling to Catch Up
Intel's ex-CEO acknowledged the company's "delayed" response to AI, but he has now claimed that the technology's impact was miscalculated.
