Tenstorrent hits $6.2B valuation to scale open-weight AI chips
After drawing acquisition interest earlier this year, the Nvidia challenger raised $1.5 billion to remain independent.
TL;DR
- Tenstorrent raised $1.5 billion at a $6.2 billion valuation.
- The company decided to remain independent after receiving acquisition interest.
- The new capital will fund the scaling of chips for open-weight AI models and video generation.
- Tenstorrent is competing in the AI hardware market against dominant players like Nvidia.