Intel bosses would not say how much the deal was worth or if it would keep a significant share in the new venture other than to say the firm would have an independent board of its bosses and the chipmaker would stay a shareholder.

The new company, which will not be on the stock market and will be called Articul8 AI ("Articulate AI"), is a result of work on business AI tech that Intel first did with Boston Consulting Group (BCG).

Intel developed an AI system using free, made-in-house tech to read words and pictures. Intel then changed that system to run inside BCG's own data centres to help with BCG's privacy and security worries.

Arun Subramaniyan, who used to be vice boss and general boss in Intel’s data centre and AI group, will be the chief boss of Articul8. He said many other potential customers had the same worries about giving their data to big cloud firms for AI work.

He said possible customers were worried about costs if thousands of workers started using the systems.

Intel's move to make Articul8 is its latest move to get outside cash for business arms. The chipmaker split out car chip firm Mobileye Global last year.

As well as DigitalBridge, which is on the stock market and a big backer in data centres, other Articul8 backers include Fin Capital, Mindset Ventures, Communitas Capital, GiantLeap Capital, GS Futures and Zain Group.