Tenstorrent hits $6.2B valuation to scale open-weight AI chips
The chip startup Tenstorrent, positioned as an Nvidia challenger in AI chip design, secured $1.5 billion in funding to achieve a $6.2 billion valuation. The round enabled the company to maintain independence after reportedly receiving acquisition offers earlier in the year.
Key points
- Raised $1.5 billion at $6.2B valuation
- Positioned as Nvidia competitor in AI chips
- Chose independence over acquisition
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