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Intel Eyes AI Chip Startup SambaNova Systems Acquisition
10 Dec
Summary
- Intel is reportedly in talks to acquire AI chip startup SambaNova Systems.
- SambaNova Systems focuses on AI chip platforms for inference computing.
- Intel's CEO also chairs the board of directors at SambaNova Systems.
Intel is reportedly moving to acquire AI chip innovator SambaNova Systems, according to sources close to the matter. The companies have signed a non-binding term sheet, indicating serious progress toward a potential deal, though it remains subject to final approvals.
SambaNova Systems, founded in 2017, has developed specialized AI chip platforms designed for inference computing, a critical function for large language models processing vast datasets. This acquisition would bolster Intel's efforts in the rapidly evolving AI hardware sector.
Adding another layer to the potential acquisition, Intel's CEO, Lip-Bu Tan, also holds the position of chairman at SambaNova Systems. Intel Capital, which is slated for spin-off, has previously invested in the startup, further deepening the existing ties between the two entities.
