Intel Eyeing SambaNova AI Chip Firm for $1.6B

Intel, the chip giant, is reportedly in advanced talks to buy SambaNova Systems, an AI chip specialist, for around $1.6 billion. The deal could be finalized next month, but terms and timing may still change. SambaNova, founded by Stanford professors, competes with Nvidia and has Intels CEO as its chairman. This acquisition would boost Intels AI product offerings.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.