Intel partners with AI chip startup SambaNova after acquisition talks reportedly failed
CNBC
Intel CEO Lip-Bu Tan first invested in SambaNova in 2017. Now the chipmaker he runs is putting more capital behind the startup.
In addition to running Intel, Lip-Bu Tan is chairman of artificial intelligence chipmaker SambaNova, which he first invested in eight years ago. Now Intel is pumping money into the startup as it tries to take on industry leader Nvidia.
SambaNova, a maker of chips for running generative AI models, has agreed to adopt Intel server chips and graphics cards in a multiyear collaboration, according to a Tuesday release. Intel is also participating in a $350 million funding round, after initially investing in SambaNova in 2019.
For years, Nvidia's graphics processing units have been the silicon of choice for AI model companies like Anthropic and OpenAI, which kickstarted the AI boom with the launch of ChatGPT in late 2022. While Nvidia has been the leading beneficiary of the AI craze and is now the world's most valuable publicly traded company, Intel's revenue has declined for four straight years.
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