(Reuters) -Chipmaker Intel is in talks to acquire artificial intelligence processor maker SambaNova, Bloomberg News reported on Thursday.

Any deal would likely value SambaNova at below the $5 billion it fetched in a 2021 funding round, and deliberations are in the early stages and there's no certainty the companies will reach an agreement, the report said, citing people familiar with the matter.

SambaNova designs custom AI chips.

Intel's ( INTC ) chief executive, Lip-Bu Tan, was also appointed as SambaNova's executive chairman and his investment firm Walden International was among the company's early investors.