Intel is rumored to acquire AI chip startup SambaNova for nearly $1.6 billion
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Intel plans to acquire AI chip startup SambaNova for approximately $1.6 billion and is in late-stage negotiations. This deal is expected to expand Intel's AI product offerings and could be finalized as early as next month. SambaNova was founded by Stanford University professors and competes with NVIDIA chips. Intel CEO Pat Gelsinger is the chairman of SambaNova, and his company was involved in early investments in SambaNova
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