[SambaNova Valuation Rises to $11 Billion, JPMorgan to Adopt Its AI Inference System] According to monitoring by Beating, AI chip and infrastructure company SambaNova has completed the first tranche of its Series F funding round, raising $1 billion and bringing its post-money valuation to $11 billion. This round was led by General Atlantic, with participation from Seligman Ventures, T. Rowe Price, Capital Group, and others. SambaNova also announced that JPMorgan has chosen its RDU chip system for secure on-premises AI inference. The RDU is SambaNova's self-developed dataflow processing chip, designed for enterprise on-premises deployment, ensuring sensitive data is not sent to external cloud platforms. The new funds will be used for scaling production, product development, and expanding enterprise, cloud provider, and sovereign AI deployments. [Original Link]