Intel CEO's Other AI Bet Just Jumped To A $10 Billion Valuation
Key takeaways
- CEO Lip-Bu Tan's influence in the artificial intelligence chip race extends beyond the company he leads.
- According to The Information, AI chip startup Samba Nova Systems is in talks to raise between $800 million and $1 billion at an implied valuation of around $10 billion, excluding the new capital.
- Tan, who became Intel's CEO earlier this year, also serves as executive chairman of SambaNova.
Intel CEO's Other AI Bet Just Jumped To A $10 Billion Valuation Intel CEO's Other AI Bet Just Jumped To A $10 Billion Valuation Surbhi Jain Mon, June 29, 2026 at 3:30 AM GMT+7 6 min read INTC SANS.PVT NVDA Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Intel Corp. CEO Lip-Bu Tan's influence in the artificial intelligence chip race extends beyond the company he leads.
According to The Information, AI chip startup Samba Nova Systems is in talks to raise between $800 million and $1 billion at an implied valuation of around $10 billion, excluding the new capital. The valuation would represent a roughly fivefold jump from the company's previous funding round just four months ago, underscoring investors' growing appetite for AI chipmakers looking to challenge Nvidia Corp.'s dominance.