Intel Nears $1.6 Billion Deal for AI Chip Startup SambaNova
PositiveTechnology
- 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 reflects Intel's strategic move to enhance its position in the AI chip market.
- The potential acquisition of SambaNova signifies Intel's commitment to expanding its capabilities in artificial intelligence technology, which is increasingly vital for the company's growth and competitiveness in the semiconductor industry.
— via World Pulse Now AI Editorial System