✉news BusinessStartups first seen 25 d ago, last 25 d ago, peak #18
Tenstorrent rejects Intel and Qualcomm, raises $1.5 billion
Original: Tenstorrent turns down Intel and Qualcomm, raises $1.5 billion instead
AI chip startup Tenstorrent, led by Jim Keller, has turned down acquisition offers from Intel and Qualcomm and instead raised $1.5 billion in new funding, choosing to stay independent. The company develops open-source RISC-V processors as an alternative to Nvidia's dominance in AI hardware. The move is drawing attention for its size and for the confidence it signals in competing with the major chipmakers.
Why now: The unusually large funding round and the decision to reject offers from major chipmakers is striking news in the competitive AI chip market
TenstorrentIntelQualcommJim Keller
Evidence
- Tenstorrent turns down Intel and Qualcomm, raises $1.5 billion instead · Startup Fortune
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