Market Chatter: SambaNova Raises $1 Billion; Wins JPMorgan as AI Infrastructure Customer

MT Newswires Live07-08

Intel (INTC)-backed SambaNova Systems raised $1 billion in the first close of its series F funding round at an $11 billion valuation, with General Atlantic leading the investment, Bloomberg reported Wednesday.

The AI chip startup also secured JPMorgan Chase (JPM) as a customer, with the bank planning to deploy SambaNova's chips for in-house AI workloads, the report said.

Intel and JPMorgan did not immediately respond to MT Newswires' requests for comment.

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