#tenstorrent Tech News.
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Qualcomm is in early discussions to acquire AI chip startup Tenstorrent in a deal valued between $8 billion and $10 billion. The talks are preliminary and no agreement has been reached. Tenstorrent has also been speaking with investment banks about strategic alternatives, including raising additional capital.
Qualcomm is in talks to acquire AI chip designer Tenstorrent for $8 billion to $10 billion. Tenstorrent discussed raising $800 million at a roughly $3.2 billion valuation last year. The deal would give Qualcomm access to Tenstorrent's AI chip designs.
Qualcomm is in talks to acquire Tenstorrent to strengthen its AI chip capabilities. The deal would add Tenstorrent's processor designs to Qualcomm's portfolio. Tenstorrent is led by chip architect Jim Keller.
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