ON
← Back to feed
Tenstorrent hits $6.2B valuation to scale open-weight AI chips
United States💻 TechnologyCenter17 hr. ago

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

Tenstorrent, an AI chip startup specializing in inference, has secured $1.5 billion in funding, raising its valuation to $6.2 billion. This follows reports from earlier this year that Intel and Qualcomm had shown interest in acquiring the company at valuations up to $5 billion. The latest funding round was led by Trace Capital and Innovation X, with participation from firms like Cadence Ventures, Fidelity, and T. Rowe Price. Tenstorrent's CEO, Jim Keller, stated the company chose independence after demonstrating the capability of its Galaxy servers to run DeepSeek models. The funds will support the development of specialized chips for open-weight AI models and video generation. Tenstorrent joins other AI hardware startups aiming to challenge Nvidia's market leadership.

Taipei is implementing stricter regulations on the sale of advanced AI chips to China, aiming to align with U.S. interests. This move reflects Taiwan's role as a pivotal player in global semiconductor production and signals its intent to limit illicit sales to Chinese entities attempting to circumvent U.S. restrictions. Despite these measures, Chinese firms seem to be advancing in developing their own capabilities. While U.S. companies continue to lead in chip design, Chinese firms are gaining traction in the domestic AI-chip market, notably surpassing U.S. giant Nvidia, according to Reuters. Huawei has particularly achieved notable progress recently. Tenstorrent, a chip startup specializing in inference, has secured $1.5 billion in funding, elevating its valuation to $6.2 billion. This follows reports that Intel and Qualcomm had shown interest in acquiring the company at valuations reaching $5 billion. The new funding round, led by Trace Capital and Innovation X, includes contributions from several other investors such as Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price. Jim Keller, Tenstorrent's CEO and a renowned microprocessor engineer, stated that the company chose independence over acquisition after demonstrating that its Galaxy servers could operate DeepSeek models. The funds will be used to expand production of chips designed for open-weight AI models and video generation. Tenstorrent joins a growing number of AI hardware startups striving to challenge Nvidia's dominance. Another example is Etched, an AI chip manufacturer that reportedly attracted investment offers valued at $40 billion or higher earlier this month.

How this report was made. Objective News wrote this report from 2 source articles, using AI-assisted synthesis under our methodology. It is our own text, not a copy of any single outlet. Read our methodology.

Responsible editor: Matej BašaSpotted an error? Report it

Go to the primary sources (4)

The official sources this coverage is built on. Read them directly to bypass framing.

2 reports

Semafor logoSemaforIndependentCenterFactual 85Objective 754 days ago
Taipei restricts China chip sales to appease the US

Taiwan is implementing stricter regulations on the sale of advanced AI chips to China as part of an effort to align with U.S. trade policies. This decision aims to limit the flow of critical technology to Chinese entities attempting to circumvent existing U.S. export restrictions. Despite these measures, Chinese companies such as Huawei have made notable progress in developing their own semiconductor capabilities, reducing reliance on foreign suppliers like Nvidia. Reports indicate that Chinese firms are gaining ground in the domestic AI-chip market, challenging the dominance of U.S. companies. These developments highlight the ongoing competition in semiconductor technology between the United States and China.

Bias read (Center): The article presents information objectively, discussing both Taiwan's regulatory actions and the advancements made by Chinese firms without overtly favoring either side. It includes references to external reports and does not exhibit clear bias through language or emphasis.

Why factuality (85): The article accurately reports Taiwan's intention to restrict AI chip sales to China to align with U.S. interests, citing its role in global semiconductor manufacturing. It also references Chinese firms gaining market share, including Huawei surpassing milestones, which aligns with general reporting

Why objectivity (75): The article presents the situation with some neutrality but includes phrases like 'breakthroughs by Chinese firms suggest Washington’s efforts to contain their development are failing,' which introduces a slightly critical tone toward U.S. policy. While not overtly biased, the phrasing implies judgm

TechCrunch logoTechCrunchIndependentCenter17 hr. ago
Tenstorrent hits $6.2B valuation to scale open-weight AI chips

Tenstorrent, an AI chip startup specializing in inference, has secured $1.5 billion in funding, raising its valuation to $6.2 billion. This follows reports from earlier this year that Intel and Qualcomm had shown interest in acquiring the company at valuations up to $5 billion. The latest funding round was led by Trace Capital and Innovation X, with participation from firms like Cadence Ventures, Fidelity, and T. Rowe Price. Tenstorrent's CEO, Jim Keller, stated the company chose independence after demonstrating the capability of its Galaxy servers to run DeepSeek models. The funds will support the development of specialized chips for open-weight AI models and video generation. Tenstorrent joins other AI hardware startups aiming to challenge Nvidia's market leadership.

Bias read (Center): The article discusses a technology company's fundraising and product development, focusing on advancements in AI hardware. There is no mention of political figures, policies, or contentious issues, making the content apolitical.

How each side covered it

The same event, grouped by the political lean of the outlets covering it.

How each side covered it

Support independent, bias-aware news and unlock the social pulse, community voting, and every other Supporter feature.

Become a Supporter

Covered around the world

The same event as reported in other countries.

Covered around the world

Support independent, bias-aware news and unlock the social pulse, community voting, and every other Supporter feature.

Become a Supporter

Claims check

Key factual claims, and how many sources assert vs dispute each.

Claims check

Support independent, bias-aware news and unlock the social pulse, community voting, and every other Supporter feature.

Become a Supporter

Keep the news honest.

ObjectiveNews is reader-funded and ad-free — we show you the bias instead of hiding it. Support independent journalism for €4/month.

Become a Supporter

Related stories