BRIEF-Intel-Backed AI Chip Firm Sambanova To Quintuple Valuation To $10 Billion - The Information

Intel Corporation

Intel Corporation

INTC

0.00

June 24 (Reuters) -

  • INTEL-BACKED AI CHIP FIRM SAMBANOVA TO QUINTUPLE VALUATION TO $10 BILLION - THE INFORMATION

  • SAMBANOVA IS SET TO RAISE BETWEEN $800 MILLION AND $1 BILLION - THE INFORMATION

  • GENERAL ATLANTIC IN TALKS TO LEAD SAMBANOVA ROUND WHICH COULD BE MORE THAN $1 BILLION AND IS SET TO CLOSE AS EARLY AS NEXT WEEK - THE INFORMATION (ADDS DROPPED WORD 'COULD')

Source text: [https://tinyurl.com/bdc3nbfd]

Further company coverage: INTC.O


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.