US EditionAI Chip Startup SambaNova Raises $350 Million in Vista-Led Round, Signs Intel Partnership
Intel joins $350 million funding round and collaborates with SambaNova to offer AI hardware alternatives to GPUs, aiming to expand AI infrastructure and market presence.
- On Tuesday, Intel joined a $350 million financing for SambaNova and announced a multiyear collaboration to integrate Intel Xeon-based infrastructure.
- After collapsed $1.6 billion acquisition talks, Intel chose investment over buyout as Nvidia's GPUs dominated AI since late 2022 and Intel's revenue fell for four straight years.
- SambaNova says its SN50 offers step-up performance via dataflow RDUs, each with 432 MB on-chip SRAM, 64 GB HBM2E memory, and single inference worker scaling up to 256 accelerators.
- Investors pushed Intel shares up 5.5% on Tuesday, and SoftBank will deploy SN50 in its Japanese data centers later this year.
- Shipping later this year, SN50 is slated to scale SambaNova's cloud as the company uses $350 million Series E financing to expand manufacturing and serve customers like Hugging Face and Meta.
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Intel taps SambaNova for AI inference push via partnership and minority stake
Intel has opted for a multi-year collaboration and minority investment in SambaNova Systems rather than a full acquisition, signaling a more capital-disciplined approach as it seeks to strengthen its position in the fast-growing AI inference market.
Why Intel Rallied Today
Key PointsAMD inked a massive deal with Meta, revealing huge demand for AI compute and customers' desire for multiple computing sources. Intel also announced a partnership with and investment in AI inference startup SambaNova. SambaNova announced its new lightning-fast inference chip, which Softbank will immediately deploy. 10 stocks we like better than Intel › Shares of Intel (NASDAQ: INTC) were rallying on Tuesday, up 5.5% as of 12:52 p.m. EDT…
AI chip startup SambaNova raises $350 million in Vista-led round, signs Intel partnership
SambaNova Systems said on Tuesday it has raised $350 million in a new funding round and struck a partnership with Intel as it seeks to capitalise on surging demand for inference chips used in artificial intelligence applications.
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