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

    Picture of Intel logoIntel
    24/06/2026 20:49
    BRIEF-Intel-Backed AI Chip Firm Sambanova To Quintuple Valuation To $10 Billion - The Information
    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

     ((Reuters.Briefs@thomsonreuters.com;))

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