Market Chatter: Intel Chief Says Uptake of Chinese Frontier AI Models Advancing 'Very Fast'

05:08 AM EDT, 10/12/2026 (MT Newswires) -- Intel (INTC) Chief Executive Lip-Bu Tan said the adoption of Chinese frontier AI models has been "very fast," citing their performance and lower token costs, Reuters reported Monday. Speaking at a panel organized by DBS in Singapore, Tan said models such as DeepSeek, Kimi and GLM are performing well enough for various applications. He also declared his support for open-source AI, saying it is the best way to drive efficiency, Reuters reported. Tan also said quantum computing could become mainstream within three to five years, according to Reuters. Intel did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)