Intel has entered a multi-year technical partnership with AI startup SambaNova Systems. As part of the agreement, Intel participated in SambaNova’s $350 million Series E funding round.
SambaNova will integrate Intel Xeon processors into its AI system offerings. These systems previously utilized processors from an Intel competitor.
The collaboration focuses on co-developing next-generation AI data center infrastructure. This initiative targets enterprise customers looking to diversify their AI hardware providers and reduce reliance on Nvidia’s market dominance.
Intel shares moved higher in pre-market trading on February 24, 2026, following the announcement. The strategic investment signals Intel’s commitment to regaining a leadership position in high-performance computing and artificial intelligence.