Search results for Tenstorrent
Industry
Qualcomm nears $4 billion deal to buy AI chip startup Modular
Qualcomm is in talks to acquire AI chip startup Modular for about $4 billion, Reuters reported on June 22, citing Bloomberg. If completed, the deal would value Modular at about 2.5 times its $1.6 billion valuation from a funding round nine months earlier. Bloomberg said an announcement could come within weeks, though talks could fall apart or terms may change. Qualcomm and Modular declined to comment.
AI & Enterprise
Qualcomm in talks to buy Jim Keller\'s AI chip startup Tenstorrent
Qualcomm is in talks to acquire AI chip design startup Tenstorrent, The Information reported, citing a person familiar with the matter. The report said Qualcomm is pursuing a deal valued at $8 billion to $10 billion. Talks are ongoing and the price could change or the discussions could fall apart, it said. Tenstorrent was founded by Jim Keller, who helped develop iPhone and iPad processors and led Tesla Autopilot hardware development from 2016 to 2018.
Industry
Nvidia rivals emerge as AI chip dominance war heats up
Nvidia remains the dominant player in the artificial intelligence chip market, but a growing number of challengers are emerging from Big Tech, startups and established semiconductor companies. Business Insider reported that Google, Amazon, Microsoft and Meta are expanding in-house chip efforts and related partnerships. Startups such as Groq, Cerebras, SambaNova and Tenstorrent are gaining visibility through investment and cooperation. China, led by Huawei, is also pushing self-reliance, while AMD, Intel and Broadcom are stepping up competition.
