Intel (INTC) Stock: Invests in SambaNova’s $350M Round After Buyout Talks Fell Apart

TLDR Intel is joining a $350M funding round for AI chip startup SambaNova Systems. The two companies are forming a multiyear partnership using Intel server chips and GPUs. Intel CEO Lip-Bu Tan has chaired SambaNova since 2017 and previously tried to buy it for $1.6B. SambaNova’s new SN50 chip claims to outperform Nvidia’s B200 GPUs [...]

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