#sambanova Tech News.
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SambaNova is set to raise $800 million to $1 billion at a roughly $10 billion valuation, up from $2 billion in February. The AI chip startup competes with Nvidia by offering lower-cost server chips for AI developers and cloud providers.
Intel-backed AI chip firm SambaNova is set to quintuple its valuation to $10 billion. The company develops specialized hardware and software for artificial intelligence workloads. The funding round reflects growing investor demand for alternatives to Nvidia's dominant AI chips.
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