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AITechCrunch

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

By Marina Temkin

After drawing acquisition interest earlier this year, the Nvidia challenger raised $1.5 billion to remain independent.

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Acquisition

The purchase of one company by another, giving the buyer control of the target's business.

Acquisitions can speed growth for the buyer but raise competition and job concerns.

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