Tenstorrent raises $1.5B at $6.2B valuation to scale open-weight AI chips
Overview
Tenstorrent, an inference-focused chip startup, has raised $1.5 billion at a $6.2 billion valuation, according to TechCrunch.
The valuation is more than double the company's late 2024 valuation. The new capital will go toward scaling chips for serving open-weight AI models and video generation.
Tenstorrent reportedly received acquisition interest from Intel and Qualcomm about five months earlier, at valuations of up to $5 billion. CEO Jim Keller says the company chose to stay independent after its Galaxy servers ran DeepSeek models.
Written by AI from the articles below · updated Oct 19, 3:36 PM ET
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- TechCrunch · AINewsPickTenstorrent raises $1.5B at $6.2B valuation to scale open-weight AI chips
AITenstorrent, an inference-focused chip startup, has raised $1.5 billion at a $6.2 billion valuation, more than double its late 2024 valuation. Five months earlier, the company reportedly drew acquisition interest from Intel and Qualcomm at valuations of up to $5 billion. CEO Jim Keller says the company chose to stay independent after its Galaxy servers ran DeepSeek models, and the capital will fund chips for open-weight models and video generation.
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