AI Chip Startup SambaNova Partners with Intel

AI chip startup SambaNova partners with Intel

Intel was interested in buying the company, but now the firms have struck a partnerhsip deal instead.

Intel stock slides as chip rally cools — what’s driving INTC today

Intel shares dropped 3.3% to $45.33 in late-morning New York trading Thursday, reversing earlier gains as chip stocks slid after Nvidia’s results failed to lift sentiment. The decline followed Intel’s announcement of a multi-year AI inference partnership with SambaNova. Traders are watching for new demand signals and Intel’s next earnings report on April 23. The post Intel stock slides as chip rally cools — what’s driving INTC today appeared fir…

Intel Stock Rises on AI Partnership with SambaNova as Company Navigates Foundry Challenges and Market Recovery

Intel Corp. shares gained ground Wednesday after the chipmaker announced a strategic collaboration with AI startup SambaNova Systems, bolstering its position in the fast-growing artificial intelligence market amid ongoing efforts to revitalize its foundry business and regain ground lost to rivals.

SambaNova Raises $350 Million In Series E Financing

SambaNova Systems secured over $350 million in a Series E funding round, marking a significant capital infusion amid a competitive AI chip market. The round was led by Vista Equity Partners and Cambium Capital, with participation from Intel Capital and a mix of new and existing investors, reflecting strong interest in SambaNova’s focus on efficient AI inference hardware. SambaNova’s latest Series E round, exceeding $350 million, represents a str…

Intel SambaNova Alliance Puts AI Inference And Valuation In Focus

Intel (NasdaqGS:INTC) is partnering with AI chip startup SambaNova Systems in a multi-year agreement focused on AI inference. As part of the deal, Intel is participating in a $350 million funding round for SambaNova to support development and deployment of AI systems. The partnership is intended to increase adoption of Intel chips in AI data centers and enterprise workloads. Intel is a major player in CPUs and data center infrastructure, and AI …

Vista Equity leads $350M SambaNova AI round

SambaNova Systems has secured $350 million in fresh funding in a round led by Vista Equity Partners, giving the artificial intelligence chip startup new firepower as competition intensifies in the race to power AI applications.The funding round, announced Tuesday, also drew backing from Cambium Capital and Intel Capital. The deal comes at a time when demand for inference chips has surged, driven by companies seeking faster and more efficient way…