Reported about 8 hours ago
Intel is in discussions to acquire AI chip manufacturer SambaNova, which may be valued below $5 billion, as reported by Bloomberg. This potential deal aligns with Intel's strategy to enhance its position in the AI market, particularly after recent challenges in competing with Nvidia's GPUs. The company's investment arm and early backers like SoftBank's Vision Fund indicate significant interest in SambaNova. However, negotiations are still in preliminary stages, and no agreement has been reached yet.
Source: YAHOO