SambaNova announces collaboration with Intel, raises $350M

SambaNova introduced their SN50 AI chip, which boasts a max speed that’s 5X faster than competitive chips. The company also announced a planned collaboration with Intel (INTC) to deliver high-performance, cost-efficient AI inference solutions, and more than $350M in investment from new and existing investors. “Positioned as the most efficient chip for agentic AI, the SN50 chip offers enterprises a 3X lower total cost of ownership – a powerful foundation to scale fast inference and bring autonomous AI agents into full production. The SN50 will be shipping to customers later this year,” SambaNova said. To quickly scale and distribute SN50, SambaNova is collaborating with Intel, and has obtained $350M in strategic Series E financing to expand manufacturing and cloud capacity.