Intel (INTC) has agreed to acquire AI chip company SambaNova Systems in a deal, according to two sources with direct knowledge. The terms of the agreement are not yet public, but it’s non-binding and doesn’t require further negotiations. This latest move highlights Intel’s focus on expanding its capabilities in the rapidly growing field of artificial intelligence (AI).
Source: https://www.tipranks.com/news/the-fly/intel-signs-non-binding-term-sheet-to-acquire-sambanova-wired-says-thefly