Sources: Intel is in advanced talks to acquire AI chip startup SambaNova for about $1.6B including debt; the deal could come together as soon as next month (Bloomberg)
PositiveArtificial Intelligence

- Intel Corp. is reportedly in advanced negotiations to acquire SambaNova Systems Inc., an artificial intelligence chip startup, for approximately $1.6 billion, including debt. This acquisition could be finalized as soon as next month, reflecting Intel's strategic focus on enhancing its capabilities in the AI sector.
- The acquisition of SambaNova is significant for Intel as it seeks to strengthen its position in the competitive AI chip market, which is rapidly evolving and increasingly dominated by specialized startups. This move may help Intel regain market share and innovate in AI technologies.
- The broader landscape of AI chip manufacturing is witnessing significant developments, with other companies like Cambricon in China also ramping up production to meet growing demand. This trend highlights the global race in AI technology, where established firms and emerging startups are vying for dominance amid increasing investments and strategic partnerships.
— via World Pulse Now AI Editorial System




