SambaNova Said to Seek Funding After Intel Takeover Talks Stall

Artificial intelligence startup SambaNova Systems Inc. is considering raising up to $500 million after talks to sell to Intel Corp. stalled, according to people familiar with the matter.

SambaNova is now seeking $300 million to $500 million from other tech companies and semiconductor makers, among other investors, said the people, who asked to not be identified because the details aren’t public.

Intel, whose Chief Executive Officer Lip-Bu Tan is also chairman of SambaNova, is considering whether to make an additional investment in the company, some of the people said. Intel had earlier discussed an acquisition that would have valued Palo ...