Quartz·1 min read·medium
SambaNova raised $1 billion at an $11 billion valuation as investors back Nvidia challengers
✦AI Summary
SambaNova has secured $1 billion in funding at an $11 billion valuation to compete with Nvidia in the AI chip market. The company plans to use the capital to support its on-premises AI inference solutions for enterprise clients.
General Atlantic led the round, and JPMorgan Chase signed on as a customer to deploy SambaNova's chips for on-premises AI inference
businesstechnology
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