Intel nears $1.6 billion deal for AI chip startup SambaNova

(Bloomberg) — Intel Corp. (INTC) is in advanced talks to acquire artificial intelligence chip startup SambaNova Systems Inc. for about $1.6 billion including debt, according to people familiar with the matter. A deal for Palo Alto, California-based SambaNova (SANS.PVT) could come together as soon as next month, said the people, who asked not to be identified because the information is confidential. Most Read from Bloomberg While the discussions are advanced, the terms and the timing could change, the p ...