FILE PHOTO: Former CEO of Intel Pat Gelsinger takes part in a conversation, during the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 17, 2024. REUTERS/Denis Balibouse/File Photo
SAN FRANCISCO (Reuters) - Pat Gelsinger, the former CEO of Intel, on Wednesday joined venture capital firm Playground Global as a general partner and also joined the board of a startup working to improve a key chip manufacturing tool.
Founded in 2015, Silicon Valley-based Playground has $1.2 billion in assets under management and specializes in deep technology investments such as semiconductors. It backed AI firm MosaicML, which was sold to Databricks in a mostly stock deal for $1.3 billion last year, as well as quantum computing firm PsiQuantum, which Reuters reported is raising at least $750 million as it races to build quantum computers in Australia and the U.S.
