Intel Bets on SambaNova in a Cloud AI Push
TL;DR Summary
Intel and SambaNova Systems agreed to a multiyear technical partnership to build a cloud AI service, with Intel contributing to SambaNova’s $350 million funding round and its Xeon chips powering SambaNova systems, as part of a broader push to challenge Nvidia in AI hardware; Intel’s CEO Lip-Bu Tan recused himself from SambaNova talks due to potential conflicts, with negotiations overseen by Kevork Kechichian under established governance. SambaNova remains independent, CEO Rodrigo Liang noting strong demand supports continued growth.
- Intel Strikes Deal With a Chip Start-Up Its C.E.O. Invested In The New York Times
- AI chip startup SambaNova raises $350 million in Vista-led round, signs Intel partnership Yahoo Finance
- Why Intel Rallied Today The Motley Fool
- Intel partners with AI chip startup SambaNova after acquisition talks reportedly failed CNBC
- Intel-Backed SambaNova Raises Cash, Touts SoftBank Chip Contract Bloomberg
Reading Insights
Total Reads
0
Unique Readers
8
Time Saved
2 min
vs 3 min read
Condensed
86%
559 → 78 words
Want the full story? Read the original article
Read on The New York Times