AI chip startup SambaNova raises $1B at $11B valuation

AI chip startup SambaNova is set to announce a $1 billion funding round at an $11 billion valuation, a big jump from its previous $2 billion valuation. The company also struck a deal with JPMorgan Chase to use its RDU chips for internal AI tasks.

SambaNova's chips come with large SRAM cache and extra memory via HBM and DRAM, making them great for AI inference decoding. This funding shows strong market demand for AI inference chips.