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AI chip company SambaNova has completed a $1 billion Series F financing, with a post investment valuation of $11 billion. This round is led by General Atlantic, with Seligman Ventures, T. Rowe Price, and Capital Group participating. JPMorgan Chase has chosen SambaNova's RDU chip system for local AI inference. The new funds will be used for expanding production, product research and development, and deployment.