Tenstorrent hits $6.2B valuation to scale open-weight AI chips | TechCrunch

The short version

Chip startup Tenstorrent achieves a $6.2 billion valuation after raising $1.5 billion to scale its AI chips, opting for independence despite acquisition interest.

Key takeaways

• Tenstorrent raised $1.5 billion, doubling its previous valuation.
• The funding aims to enhance chips for open-weight AI models.
• Acquisition offers earlier came from Intel and Qualcomm at $5 billion.
• Prominent backers include Fidelity and T. Rowe Price.

Overall sentiment

The article highlights successful fundraising and growth in valuation, indicating strong market interest.

AI classification of the article’s tone. Coverage is limited to the article details as per the evidence provided.

Sources cited by the article

• reportedly ↗
• $2.6 billion ↗
• TechCrunch reported ↗
• Fundraising ↗
• Venture ↗
• Register Now ↗
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• Terms ↗
• Ramp reaches $60B valuation as it pushes deeper into AI ↗
• Ram Iyer ↗

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