SambaNova Executive Chairman Lip-Bu Tan says the AI chip startup is set to raise $800M to $1B, sources say at a ~$10B valuation, up from $2B in February (The Information)

<a href="https://www.theinformation.com/articles/intel-backed-ai-chip-firm-sambanova-quintuple-valuation-10-billion"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260624/i43.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260624/p43#a260624p43" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.theinformation.com/">The Information</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.theinformation.com/articles/intel-backed-ai-chip-firm-sambanova-quintuple-valuation-10-billion">SambaNova Executive Chairman Lip-Bu Tan says the AI chip startup is set to raise $800M to $1B, sources say at a ~$10B valuation, up from $2B in February</a></b></span>&nbsp; &mdash;&nbsp; AI server chips that effectively compete with Nvidia's have never been more in-demand as AI developers and cloud providers seek lower-cost alternatives to the market leader.</p>