Former Intel CEO Pat Gelsinger jumps to venture capital, joins Playground Global

In this article INTC Follow your favorite stocks CREATE FREE ACCOUNT From left, Playground Global partners Peter Barrett, Pat Gelsinger, Jory Bell, Bruce Leak and Ben Kim. Playground Global After a tumultuous four years running Intel , Pat Gelsinger is going into venture capital. Gelsinger, who was ousted by the chipmaker in December, has joined Playground Global as a general partner. Started in 2015 by a group that included Android founder Andy Rubin, Playground focuses on early-stage investments in deep technology. Gelsinger told CNBC in an interview that he considered starting a venture firm with someone else, but opted to go with a structure that was already up and running. "It's about scale," Gelsinger said, adding that starting from scratch would require "10 hard years to get it." Before joining Playground, Gelsinger made a handful of private investments in startups including church outreach software startup Gloo, wearable maker Oura and artificial intelligence chip developer F ... Read full article.