Tag

Sambanova

All articles tagged with #sambanova

technology2 days ago•3 min saved

SambaNova valued at $11B after $1B funding to accelerate on-prem AI inference

SambaNova raised $1 billion in fresh financing led by General Atlantic (with Seligman Ventures, T. Rowe Price and Capital Group), boosting its valuation to $11 billion and fueling the rollout of its SN50 inference chips for on‑premise deployments. JPMorgan has adopted the company's systems for demanding enterprise AI workloads, while the startup—which earlier drew funding from Intel—continues to pursue a U.S. IPO around 2027 amid strong investor interest in AI-chip companies challenging Nvidia.

via CNBC|

#ai-chips #inference #ipo

business4 months ago•14 min saved

Intel Funds SambaNova in AI-Hardware Partnership, Not a Buyout

Intel will participate in a roughly $350 million funding round for SambaNova, with SambaNova adopting Intel chips and hardware; this is a partnership, not a buyout, as Intel also pursues core simplification by moving toward a unified core design. SambaNova’s SN50 chip is touted to outperform some Nvidia benchmarks and can scale to 256 processors. The news helped INTC stock jump about 6%, while Wall Street has a Hold consensus with a price target around $48.21, suggesting modest upside.

via TipRanks|

#ai #business #intc