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Market News Now on Instagram: "- Intel is in advanced discussions to acquire AI chip startup SambaNova for approximately $1.6 billion, including debt, aiming to bolster its position against Nvidia. - The Palo Alto-based deal could finalize as early as next month, though SambaNova has term sheets from other potential buyers as backups. - SambaNova, founded by Stanford professors in 2017, develops custom AI chips and was previously valued at $5 billion in a 2021 funding round led by SoftBank. - In
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